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 | $31,794 | $58,099-45.3% | $76,872-58.6% | $75,173-57.7% |
| Participation rate | 60.0% | 63.9%-3.9pp | 69.6%-9.6pp | 67.2%-7.2pp |
| Annual return | 14.17% | 26.71%-12.5pp | 37.90%-23.7pp | 160.72%-146.6pp |
| Employer contribution / active EE | $644 | $1,996-67.7% | $2,533-74.6% | $2,671-75.9% |
| Participant deferral / active EE | $2,306 | $2,999-23.1% | $3,832-39.8% | $4,126-44.1% |
| Admin fee / account holder | $2,023 | $4,778-57.7% | $5,476-63.1% | $5,651-64.2% |