Filed February 19, 2020 (most recent of 2 filings on file)
Total covered: 3 employees
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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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,672 | $76,551-2.5% | $123,894-39.7% | $62,881+18.8% |
| Participation rate | 42.1% | 73.0%-30.9pp | 81.4%-39.3pp | 69.3%-27.2pp |
| Annual return | 8.67% | 18.68%-10.0pp | 47.52%-38.8pp | 20.14%-11.5pp |
| Employer contribution / active EE | $1,257 | $2,882-56.4% | $4,617-72.8% | $2,281-44.9% |
| Participant deferral / active EE | $3,230 | $4,840-33.3% | $5,984-46.0% | $3,203+0.8% |
| Admin fee / account holder | $834 | $4,826-82.7% | $8,357-90.0% | $4,296-80.6% |