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 | $61,036 | $85,766-28.8% | $136,298-55.2% | $70,126-13.0% |
| Participation rate | 57.6% | 74.2%-16.6pp | 81.9%-24.3pp | 69.5%-12.0pp |
| Annual return | 16.00% | 31.46%-15.5pp | 5156.27%-5140.3pp | 73.15%-57.1pp |
| Employer contribution / active EE | $1,795 | $2,966-39.5% | $4,696-61.8% | $2,343-23.4% |
| Participant deferral / active EE | $3,954 | $5,051-21.7% | $6,247-36.7% | $3,332+18.7% |
| Admin fee / account holder | $22,398 | $5,421+313.2% | $9,244+142.3% | $4,645+382.2% |