Filed April 28, 2021
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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 | $54,269 | $67,411-19.5% | $91,004-40.4% | $70,126-22.6% |
| Participation rate | 67.0% | 71.4%-4.4pp | 75.6%-8.6pp | 69.5%-2.5pp |
| Annual return | 13.18% | -40.16%+53.3pp | 4.60%+8.6pp | 73.15%-60.0pp |
| Employer contribution / active EE | $1,017 | $1,786-43.1% | $2,456-58.6% | $2,343-56.6% |
| Participant deferral / active EE | $3,075 | $2,823+9.0% | $3,548-13.3% | $3,332-7.7% |
| Admin fee / account holder | $3,562 | $4,236-15.9% | $5,417-34.2% | $4,645-23.3% |