Filed May 21, 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 | $26,402 | $43,749-39.7% | $158,223-83.3% | $65,306-59.6% |
| Participation rate | 50.7% | 56.9%-6.1pp | 79.2%-28.5pp | 57.7%-6.9pp |
| Annual return | 18.08% | 19.41%-1.3pp | 52.09%-34.0pp | 21.94%-3.9pp |
| Employer contribution / active EE | $366 | $1,497-75.6% | $4,109-91.1% | $1,967-81.4% |
| Participant deferral / active EE | $2,369 | $2,019+17.4% | $5,467-56.7% | $2,959-19.9% |
| Admin fee / account holder | $4,149 | $1,930+115.0% | $16,047-74.1% | $3,480+19.2% |