Filed October 2, 2019 (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.
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 | $130,536 | $124,425+4.9% | $112,040+16.5% | $137,256-4.9% |
| Participation rate | 20.0% | 79.3%-59.3pp | 76.5%-56.5pp | 80.0%-60.0pp |
| Annual return | 9.64% | 24.72%-15.1pp | 24.52%-14.9pp | 220.34%-210.7pp |
| Employer contribution / active EE | $1,539 | $3,411-54.9% | $2,954-47.9% | $4,156-63.0% |
| Participant deferral / active EE | $6,200 | $5,718+8.4% | $5,098+21.6% | $6,407-3.2% |
| Admin fee / account holder | $51,998 | $15,207+241.9% | $12,098+329.8% | $12,270+323.8% |