Filed April 7, 2021
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,976 | $198,461-94.5% | $170,436-93.6% | $147,585-92.6% |
| Participation rate | 26.7% | 88.0%-61.3pp | 83.6%-56.9pp | 82.8%-56.2pp |
| Annual return | 22.59% | 257.30%-234.7pp | 205.94%-183.3pp | 578.57%-556.0pp |
| Employer contribution / active EE | $310 | $6,184-95.0% | $5,433-94.3% | $4,876-93.6% |
| Participant deferral / active EE | $2,063 | $5,629-63.4% | $4,939-58.2% | $5,439-62.1% |
| Admin fee / account holder | $563 | $16,852-96.7% | $13,880-95.9% | $10,885-94.8% |