Filed January 28, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,431 | $58,258-58.1% | $81,820-70.1% | $80,925-69.8% |
| Participation rate | 64.5% | 63.5%+1.1pp | 72.4%-7.9pp | 67.7%-3.1pp |
| Annual return | 3.24% | 41.76%-38.5pp | 777.93%-774.7pp | 35.65%-32.4pp |
| Employer contribution / active EE | $697 | $2,345-70.3% | $2,915-76.1% | $2,756-74.7% |
| Participant deferral / active EE | $3,563 | $3,284+8.5% | $4,323-17.6% | $4,299-17.1% |
| Admin fee / account holder | $4,874 | $4,976-2.1% | $7,391-34.0% | $6,940-29.8% |