Filed August 12, 2020 (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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,694 | $76,551-65.1% | $123,894-78.5% | $62,881-57.5% |
| Participation rate | 53.1% | 73.0%-19.9pp | 81.4%-28.3pp | 69.3%-16.2pp |
| Annual return | 12.71% | 18.68%-6.0pp | 47.52%-34.8pp | 20.14%-7.4pp |
| Employer contribution / active EE | $776 | $2,882-73.1% | $4,617-83.2% | $2,281-66.0% |
| Participant deferral / active EE | $4,435 | $4,840-8.4% | $5,984-25.9% | $3,203+38.5% |
| Admin fee / account holder | $3,025 | $4,826-37.3% | $8,357-63.8% | $4,296-29.6% |