Filed March 9, 2023
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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 | $73,992 | $71,057+4.1% | $93,654-21.0% | $80,874-8.5% |
| Participation rate | 61.0% | 60.4%+0.6pp | 68.7%-7.7pp | 67.6%-6.7pp |
| Annual return | 15.40% | 11.26%+4.1pp | 133.34%-117.9pp | 35.62%-20.2pp |
| Employer contribution / active EE | $1,380 | $1,564-11.8% | $2,421-43.0% | $2,756-49.9% |
| Participant deferral / active EE | $4,403 | $4,034+9.1% | $4,413-0.2% | $4,297+2.5% |
| Admin fee / account holder | $8,399 | $6,944+21.0% | $8,282+1.4% | $6,935+21.1% |