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 | $23,469 | $53,546-56.2% | $69,884-66.4% | $68,486-65.7% |
| Participation rate | 61.4% | 64.5%-3.1pp | 70.5%-9.0pp | 67.9%-6.4pp |
| Annual return | -14.29% | -13.87%-0.4pp | 190.81%-205.1pp | -7.85%-6.4pp |
| Employer contribution / active EE | $562 | $2,019-72.2% | $2,560-78.0% | $2,597-78.4% |
| Participant deferral / active EE | $2,086 | $2,957-29.5% | $3,848-45.8% | $4,028-48.2% |
| Admin fee / account holder | $3,049 | $4,693-35.0% | $6,266-51.3% | $5,404-43.6% |