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 | $59,109 | $66,319-10.9% | $93,621-36.9% | $65,186-9.3% |
| Participation rate | 50.3% | 74.0%-23.7pp | 75.8%-25.5pp | 70.2%-19.9pp |
| Annual return | 19.20% | 42.59%-23.4pp | 32.76%-13.6pp | 29.39%-10.2pp |
| Employer contribution / active EE | $680 | $2,013-66.2% | $2,719-75.0% | $2,177-68.7% |
| Participant deferral / active EE | $2,299 | $3,343-31.2% | $4,070-43.5% | $3,514-34.6% |
| Admin fee / account holder | $2,255 | $6,900-67.3% | $7,890-71.4% | $847+166.2% |