Filed January 31, 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 | $79,509 | $84,685-6.1% | $73,836+7.7% | $125,389-36.6% |
| Participation rate | 16.7% | 76.8%-60.1pp | 73.4%-56.8pp | 83.2%-66.5pp |
| Annual return | 1.39% | 3123.80%-3122.4pp | 2268.06%-2266.7pp | 282.24%-280.8pp |
| Employer contribution / active EE | $199 | $3,123-93.6% | $2,787-92.9% | $4,866-95.9% |
| Participant deferral / active EE | $1,088 | $3,993-72.8% | $3,583-69.6% | $5,352-79.7% |
| Admin fee / account holder | $505 | $5,694-91.1% | $4,882-89.7% | $9,541-94.7% |