Filed April 22, 2020 (most recent of 2 filings on file)
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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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $30,938 | $79,223-60.9% | $102,460-69.8% | $74,478-58.5% |
| Participation rate | 64.4% | 74.8%-10.3pp | 76.5%-12.1pp | 67.2%-2.8pp |
| Annual return | 10.51% | 54.98%-44.5pp | 29.47%-19.0pp | 1370.56%-1360.1pp |
| Employer contribution / active EE | $1,579 | $2,363-33.2% | $3,025-47.8% | $2,626-39.9% |
| Participant deferral / active EE | $3,344 | $4,417-24.3% | $5,056-33.9% | $4,350-23.1% |
| Admin fee / account holder | $6,579 | $2,003+228.4% | $9,460-30.5% | $1,946+238.1% |