Filed April 13, 2020
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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 | $163,265 | $56,894+187.0% | $84,753+92.6% | $62,881+159.6% |
| Participation rate | 67.4% | 68.5%-1.1pp | 76.6%-9.2pp | 69.3%-1.9pp |
| Annual return | 8.72% | 6.30%+2.4pp | 22.78%-14.1pp | 20.14%-11.4pp |
| Employer contribution / active EE | $2,422 | $2,400+0.9% | $3,574-32.2% | $2,281+6.2% |
| Participant deferral / active EE | $6,303 | $2,709+132.7% | $3,712+69.8% | $3,203+96.8% |
| Admin fee / account holder | $1,509 | $3,581-57.9% | $5,333-71.7% | $4,296-64.9% |