Filed November 9, 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 | $65,891 | $77,358-14.8% | $102,184-35.5% | $87,485-24.7% |
| Participation rate | 53.5% | 78.7%-25.2pp | 82.6%-29.1pp | 68.9%-15.4pp |
| Annual return | 17.27% | 41.11%-23.8pp | 31.58%-14.3pp | 26.06%-8.8pp |
| Employer contribution / active EE | $3,080 | $2,562+20.2% | $3,594-14.3% | $2,596+18.6% |
| Participant deferral / active EE | $5,926 | $6,753-12.2% | $8,309-28.7% | $4,274+38.7% |
| Admin fee / account holder | $16,699 | $6,809+145.2% | $11,609+43.8% | $7,775+114.8% |