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 | $65,084-66.2% | $67,681-67.5% | $64,340-65.8% |
| Participation rate | 41.0% | 66.7%-25.7pp | 73.7%-32.7pp | 55.2%-14.2pp |
| Annual return | 17.15% | 20.50%-3.3pp | 590.58%-573.4pp | 24.14%-7.0pp |
| Employer contribution / active EE | $803 | $2,398-66.5% | $2,678-70.0% | $1,862-56.9% |
| Participant deferral / active EE | $1,525 | $3,210-52.5% | $3,976-61.6% | $2,980-48.8% |
| Admin fee / account holder | $1,430 | $1,415+1.1% | $6,100-76.6% | $3,703-61.4% |