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 | $31,758 | $58,391-45.6% | $76,657-58.6% | $72,975-56.5% |
| Participation rate | 48.6% | 67.4%-18.7pp | 72.1%-23.4pp | 69.5%-20.8pp |
| Annual return | 19.41% | 2306.65%-2287.2pp | 1166.74%-1147.3pp | 81.01%-61.6pp |
| Employer contribution / active EE | $526 | $1,787-70.6% | $2,303-77.1% | $2,440-78.4% |
| Participant deferral / active EE | $1,769 | $2,690-34.3% | $3,335-47.0% | $3,608-51.0% |
| Admin fee / account holder | $1,745 | $4,014-56.5% | $6,423-72.8% | $5,124-65.9% |