Filed December 23, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,859 | $69,708-75.8% | $67,560-75.0% | $74,478-77.4% |
| Participation rate | 29.0% | 71.4%-42.4pp | 72.9%-43.9pp | 67.2%-38.2pp |
| Annual return | 15.90% | -40.67%+56.6pp | 3533.50%-3517.6pp | 1370.56%-1354.7pp |
| Employer contribution / active EE | $747 | $2,715-72.5% | $2,737-72.7% | $2,626-71.6% |
| Participant deferral / active EE | $1,323 | $3,637-63.6% | $4,004-67.0% | $4,350-69.6% |
| Admin fee / account holder | $1,890 | $887+113.1% | $3,994-52.7% | $1,946-2.9% |