Filed December 13, 2019
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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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,311 | $48,011-66.0% | $63,803-74.4% | $82,637-80.3% |
| Participation rate | 22.9% | 66.6%-43.7pp | 72.7%-49.8pp | 68.1%-45.2pp |
| Annual return | 8.39% | 19.84%-11.5pp | 543.72%-535.3pp | 53.51%-45.1pp |
| Employer contribution / active EE | $0 | $1,904-100.0% | $2,532-100.0% | $2,552-100.0% |
| Participant deferral / active EE | $0 | $2,846-100.0% | $3,843-100.0% | $4,126-100.0% |
| Admin fee / account holder | $6,841 | $3,873+76.6% | $5,196+31.7% | $7,339-6.8% |