Filed October 27, 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.
Employer 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,621 | $50,554-51.3% | $67,681-63.6% | $87,485-71.9% |
| Participation rate | 55.6% | 67.7%-12.2pp | 73.7%-18.2pp | 68.9%-13.4pp |
| Annual return | 9.54% | 17.81%-8.3pp | 590.58%-581.0pp | 26.06%-16.5pp |
| Employer contribution / active EE | -$3 | $1,988-100.1% | $2,678-100.1% | $2,596-100.1% |
| Participant deferral / active EE | $0 | $2,961-100.0% | $3,976-100.0% | $4,274-100.0% |
| Admin fee / account holder | $1,451 | $4,132-64.9% | $6,100-76.2% | $7,775-81.3% |