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 | $33,939 | $58,099-41.6% | $76,902-55.9% | $75,177-54.9% |
| Participation rate | 65.1% | 63.9%+1.2pp | 69.6%-4.5pp | 67.2%-2.1pp |
| Annual return | 18.38% | 26.71%-8.3pp | 37.91%-19.5pp | 160.75%-142.4pp |
| Employer contribution / active EE | $1,697 | $1,996-15.0% | $2,534-33.0% | $2,671-36.5% |
| Participant deferral / active EE | $3,151 | $2,999+5.0% | $3,833-17.8% | $4,126-23.7% |
| Admin fee / account holder | $3,546 | $4,778-25.8% | $5,479-35.3% | $5,651-37.3% |