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 | $22,351 | $56,544-60.5% | $75,501-70.4% | $70,126-68.1% |
| Participation rate | 55.1% | 68.1%-13.0pp | 72.4%-17.3pp | 69.5%-14.5pp |
| Annual return | 13.83% | 23.59%-9.8pp | 27.35%-13.5pp | 73.15%-59.3pp |
| Employer contribution / active EE | $453 | $1,817-75.1% | $2,352-80.7% | $2,343-80.7% |
| Participant deferral / active EE | $1,570 | $2,580-39.1% | $3,142-50.0% | $3,332-52.9% |
| Admin fee / account holder | $380 | $3,827-90.1% | $5,801-93.4% | $4,645-91.8% |