Filed July 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 | $47,680 | $67,894-29.8% | $89,340-46.6% | $82,448-42.2% |
| Participation rate | 55.7% | 64.0%-8.3pp | 69.6%-13.9pp | 68.1%-12.4pp |
| Annual return | 14.46% | 19.21%-4.7pp | 20.57%-6.1pp | 41.64%-27.2pp |
| Employer contribution / active EE | $484 | $1,828-73.5% | $2,231-78.3% | $2,551-81.0% |
| Participant deferral / active EE | $2,120 | $3,072-31.0% | $3,823-44.5% | $4,139-48.8% |
| Admin fee / account holder | $3,121 | $5,723-45.5% | $6,704-53.4% | $7,234-56.9% |