Filed April 2, 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 | $91,563 | $76,551+19.6% | $123,894-26.1% | $62,881+45.6% |
| Participation rate | 53.6% | 73.0%-19.4pp | 81.4%-27.8pp | 69.3%-15.7pp |
| Annual return | 8.06% | 18.68%-10.6pp | 47.52%-39.5pp | 20.14%-12.1pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $8,733 | $4,840+80.4% | $5,984+45.9% | $3,203+172.7% |
| Admin fee / account holder | $16,829 | $4,826+248.7% | $8,357+101.4% | $4,296+291.8% |