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 | $50,990 | $58,093-12.2% | $80,022-36.3% | $56,289-9.4% |
| Participation rate | 65.1% | 73.6%-8.5pp | 75.8%-10.7pp | 69.9%-4.7pp |
| Annual return | -5.06% | 34.63%-39.7pp | 11.22%-16.3pp | -9.96%+4.9pp |
| Employer contribution / active EE | $1,401 | $1,933-27.5% | $2,468-43.2% | $2,111-33.6% |
| Participant deferral / active EE | $3,045 | $3,136-2.9% | $3,686-17.4% | $3,350-9.1% |
| Admin fee / account holder | $1,163 | $623+86.8% | $6,521-82.2% | $521+123.2% |