Filed April 5, 2021 (most recent of 5 filings on file)
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $152,991 | $149,333+2.4% | $106,387+43.8% | $135,381+13.0% |
| Participation rate | 0.0% | 81.5%-81.5pp | 77.5%-77.5pp | 82.6%-82.6pp |
| Annual return | -13.62% | 0.52%-14.1pp | 0.25%-13.9pp | 519.81%-533.4pp |
| Employer contribution / active EE | $6,316 | $4,984+26.7% | $3,520+79.4% | $4,779+32.2% |
| Participant deferral / active EE | $17,134 | $7,230+137.0% | $5,421+216.1% | $5,609+205.5% |
| Admin fee / account holder | $52,566 | $15,952+229.5% | $7,510+600.0% | $10,828+385.5% |