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 | $27,258 | $54,162-49.7% | $68,612-60.3% | $64,173-57.5% |
| Participation rate | 50.0% | 68.1%-18.1pp | 72.2%-22.2pp | 69.6%-19.6pp |
| Annual return | -4.65% | -1.62%-3.0pp | -4.63%0pp | 7.63%-12.3pp |
| Employer contribution / active EE | $519 | $1,846-71.9% | $2,625-80.2% | $2,381-78.2% |
| Participant deferral / active EE | $1,725 | $2,626-34.3% | $3,311-47.9% | $3,470-50.3% |
| Admin fee / account holder | $3,685 | $4,029-8.5% | $5,131-28.2% | $4,887-24.6% |