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 | $45,343-41.8% | $150,298-82.4% | $67,986-61.2% |
| Participation rate | 50.7% | 51.9%-1.1pp | 77.8%-27.0pp | 57.2%-6.5pp |
| Annual return | 18.08% | 33.28%-15.2pp | 62.79%-44.7pp | 31.67%-13.6pp |
| Employer contribution / active EE | $366 | $1,462-75.0% | $4,154-91.2% | $2,019-81.9% |
| Participant deferral / active EE | $2,369 | $2,055+15.3% | $5,453-56.5% | $3,358-29.4% |
| Admin fee / account holder | $4,149 | $2,250+84.4% | $14,116-70.6% | $3,203+29.5% |