Filed September 24, 2019 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $61,043 | $47,553+28.4% | $136,867-55.4% | $69,733-12.5% |
| Participation rate | 23.3% | 61.4%-38.1pp | 74.5%-51.3pp | 62.5%-39.2pp |
| Annual return | 13.18% | -91.50%+104.7pp | 42.97%-29.8pp | 15.22%-2.0pp |
| Employer contribution / active EE | $236 | $2,087-88.7% | $3,547-93.3% | $2,250-89.5% |
| Participant deferral / active EE | $1,449 | $2,300-37.0% | $4,924-70.6% | $3,054-52.6% |
| Admin fee / account holder | $5,817 | $3,496+66.4% | $10,340-43.7% | $3,102+87.5% |