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 | $70,587 | $89,367-21.0% | $141,191-50.0% | $72,975-3.3% |
| Participation rate | 63.9% | 75.1%-11.2pp | 82.5%-18.6pp | 69.5%-5.6pp |
| Annual return | 24.08% | 111.87%-87.8pp | 71.41%-47.3pp | 81.01%-56.9pp |
| Employer contribution / active EE | $2,644 | $3,115-15.1% | $4,736-44.2% | $2,440+8.3% |
| Participant deferral / active EE | $10,286 | $5,419+89.8% | $6,710+53.3% | $3,608+185.1% |
| Admin fee / account holder | $17,243 | $5,957+189.5% | $10,264+68.0% | $5,124+236.5% |