Filed July 6, 2021 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $29,678 | $58,851-49.6% | $115,167-74.2% | $72,976-59.3% |
| Participation rate | 29.2% | 65.5%-36.3pp | 75.9%-46.7pp | 69.5%-40.3pp |
| Annual return | 20.52% | 23.16%-2.6pp | 35.60%-15.1pp | 81.02%-60.5pp |
| Employer contribution / active EE | $0 | $1,798-100.0% | $3,179-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $588 | $2,643-77.7% | $4,169-85.9% | $3,608-83.7% |
| Admin fee / account holder | $2,348 | $6,370-63.1% | $7,089-66.9% | $5,124-54.2% |