Filed September 29, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $96,485 | $54,193+78.0% | $93,669+3.0% | $77,714+24.2% |
| Participation rate | 27.7% | 63.9%-36.3pp | 68.7%-41.0pp | 70.6%-42.9pp |
| Annual return | 15.11% | 30.54%-15.4pp | 133.59%-118.5pp | 31.26%-16.1pp |
| Employer contribution / active EE | $1,082 | $1,168-7.4% | $2,424-55.4% | $2,727-60.3% |
| Participant deferral / active EE | $1,788 | $3,144-43.1% | $4,416-59.5% | $4,649-61.5% |
| Admin fee / account holder | $1,873 | $576+225.4% | $8,291-77.4% | $433+332.3% |