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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,023 | $64,705-66.0% | $62,929-65.0% | $67,986-67.6% |
| Participation rate | 41.0% | 65.6%-24.6pp | 73.1%-32.1pp | 57.2%-16.2pp |
| Annual return | 17.15% | 20.31%-3.2pp | 1063.93%-1046.8pp | 31.67%-14.5pp |
| Employer contribution / active EE | $803 | $2,376-66.2% | $2,505-68.0% | $2,019-60.2% |
| Participant deferral / active EE | $1,525 | $3,198-52.3% | $3,888-60.8% | $3,358-54.6% |
| Admin fee / account holder | $1,430 | $1,428+0.1% | $5,065-71.8% | $3,203-55.4% |