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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,723 | $54,763-0.1% | $90,324-39.4% | $72,976-25.0% |
| Participation rate | 62.9% | 65.2%-2.3pp | 73.3%-10.4pp | 69.5%-6.6pp |
| Annual return | 5.84% | 30.63%-24.8pp | 78.15%-72.3pp | 81.02%-75.2pp |
| Employer contribution / active EE | $592 | $2,093-71.7% | $2,856-79.3% | $2,440-75.7% |
| Participant deferral / active EE | $2,443 | $2,887-15.4% | $3,885-37.1% | $3,608-32.3% |
| Admin fee / account holder | $3,263 | $3,973-17.9% | $5,356-39.1% | $5,124-36.3% |