Filed September 29, 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 | $20,989 | $46,360-54.7% | $147,617-85.8% | $52,331-59.9% |
| Participation rate | 58.0% | 64.9%-6.9pp | 84.6%-26.6pp | 68.1%-10.1pp |
| Annual return | 3.62% | 1.62%+2.0pp | 61.98%-58.4pp | 4.54%-0.9pp |
| Employer contribution / active EE | $634 | $2,126-70.2% | $5,564-88.6% | $1,882-66.3% |
| Participant deferral / active EE | $968 | $2,258-57.1% | $4,895-80.2% | $3,022-68.0% |
| Admin fee / account holder | $1,946 | $766+154.1% | $11,612-83.2% | $592+229.0% |