Filed March 3, 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 | $20,536 | $110,410-81.4% | $102,437-80.0% | $145,897-85.9% |
| Participation rate | 35.0% | 77.9%-42.9pp | 74.5%-39.5pp | 80.3%-45.3pp |
| Annual return | 11.29% | 24.85%-13.6pp | 24.95%-13.7pp | 552.29%-541.0pp |
| Employer contribution / active EE | $1,348 | $4,217-68.0% | $3,871-65.2% | $4,663-71.1% |
| Participant deferral / active EE | $2,315 | $5,622-58.8% | $5,060-54.2% | $6,689-65.4% |
| Admin fee / account holder | $11,658 | $9,745+19.6% | $8,388+39.0% | $13,390-12.9% |