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 | $41,016-35.6% | $152,093-82.6% | $64,097-58.8% |
| Participation rate | 50.7% | 51.3%-0.6pp | 77.8%-27.0pp | 55.2%-4.4pp |
| Annual return | 18.08% | 39.60%-21.5pp | 66.36%-48.3pp | 34.64%-16.6pp |
| Employer contribution / active EE | $366 | $1,342-72.7% | $4,175-91.2% | $1,891-80.7% |
| Participant deferral / active EE | $2,369 | $1,927+22.9% | $5,451-56.5% | $3,080-23.1% |
| Admin fee / account holder | $4,149 | $2,305+80.0% | $14,497-71.4% | $3,454+20.1% |