Filed June 22, 2020
Total covered: 4 employees
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,146 | $58,828-50.5% | $78,002-62.6% | $62,881-53.6% |
| Participation rate | 57.9% | 71.1%-13.2pp | 75.5%-17.6pp | 69.3%-11.4pp |
| Annual return | 3.98% | 17.16%-13.2pp | 425.99%-422.0pp | 20.14%-16.2pp |
| Employer contribution / active EE | $718 | $1,672-57.1% | $2,470-70.9% | $2,281-68.5% |
| Participant deferral / active EE | $883 | $2,686-67.1% | $3,497-74.8% | $3,203-72.4% |
| Admin fee / account holder | $1,724 | $4,393-60.8% | $5,481-68.5% | $4,296-59.9% |