Filed April 6, 2020
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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.)
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,002 | $101,795-18.5% | $165,100-49.7% | $80,959+2.5% |
| Participation rate | 58.5% | 71.8%-13.3pp | 78.6%-20.1pp | 67.7%-9.1pp |
| Annual return | 12.60% | 16.73%-4.1pp | 70.21%-57.6pp | 35.67%-23.1pp |
| Employer contribution / active EE | $0 | $2,954-100.0% | $4,348-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $0 | $4,476-100.0% | $6,035-100.0% | $4,300-100.0% |
| Admin fee / account holder | $790 | $8,221-90.4% | $12,696-93.8% | $6,925-88.6% |