Filed April 13, 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 | $21,352 | $64,729-67.0% | $112,263-81.0% | $68,490-68.8% |
| Participation rate | 54.3% | 67.2%-12.8pp | 75.1%-20.7pp | 67.9%-13.5pp |
| Annual return | 0.00% | -11.40%+11.4pp | 27.49%-27.5pp | -7.85%+7.9pp |
| Employer contribution / active EE | $2,282 | $2,746-16.9% | $3,636-37.2% | $2,597-12.1% |
| Participant deferral / active EE | $5,560 | $3,566+55.9% | $4,729+17.6% | $4,028+38.0% |
| Admin fee / account holder | $1,086 | $5,222-79.2% | $6,410-83.1% | $5,403-79.9% |