Filed July 15, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,195 | $68,681-29.8% | $86,615-44.4% | $85,847-43.9% |
| Participation rate | 32.7% | 66.4%-33.7pp | 71.6%-39.0pp | 69.3%-36.6pp |
| Annual return | 14.89% | 20.12%-5.2pp | 63.51%-48.6pp | 318.61%-303.7pp |
| Employer contribution / active EE | $2,152 | $1,880+14.4% | $2,496-13.8% | $2,565-16.1% |
| Participant deferral / active EE | $4,719 | $2,919+61.7% | $3,699+27.6% | $3,952+19.4% |
| Admin fee / account holder | $1,246 | $5,974-79.1% | $5,830-78.6% | $6,261-80.1% |