Filed September 2, 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 | $34,035 | $90,745-62.5% | $130,231-73.9% | $75,181-54.7% |
| Participation rate | 44.8% | 71.1%-26.2pp | 76.3%-31.5pp | 67.2%-22.4pp |
| Annual return | 15.20% | 34.45%-19.3pp | 38.77%-23.6pp | 160.69%-145.5pp |
| Employer contribution / active EE | $0 | $3,314-100.0% | $4,126-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $4,301 | $5,362-19.8% | $6,799-36.7% | $4,126+4.3% |
| Admin fee / account holder | $4,572 | $6,331-27.8% | $6,020-24.1% | $5,650-19.1% |