Filed August 4, 2021 (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.
Employer 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,924 | $50,464+52.4% | $75,784+1.5% | $52,331+47.0% |
| Participation rate | 60.0% | 66.8%-6.8pp | 75.8%-15.8pp | 68.1%-8.1pp |
| Annual return | 1.03% | 1.03%0pp | 9.68%-8.7pp | 4.54%-3.5pp |
| Employer contribution / active EE | $0 | $1,988-100.0% | $3,323-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $3,662 | $2,570+42.5% | $3,652+0.3% | $3,022+21.2% |
| Admin fee / account holder | $4,922 | $1,103+346.3% | $5,300-7.1% | $592+732.0% |