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 | $51,184-68.1% | $66,439-75.5% | $86,983-81.2% |
| Participation rate | 22.9% | 68.5%-45.6pp | 74.5%-51.6pp | 69.5%-46.7pp |
| Annual return | 8.39% | 17.07%-8.7pp | 757.66%-749.3pp | 25.83%-17.4pp |
| Employer contribution / active EE | $0 | $2,023-100.0% | $2,637-100.0% | $2,584-100.0% |
| Participant deferral / active EE | $0 | $2,927-100.0% | $3,876-100.0% | $4,194-100.0% |
| Admin fee / account holder | $6,841 | $4,154+64.7% | $6,173+10.8% | $7,856-12.9% |