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 | $47,680 | $69,273-31.2% | $90,796-47.5% | $82,637-42.3% |
| Participation rate | 55.7% | 64.0%-8.3pp | 69.5%-13.8pp | 68.1%-12.3pp |
| Annual return | 14.46% | 18.37%-3.9pp | 19.29%-4.8pp | 53.51%-39.0pp |
| Employer contribution / active EE | $484 | $1,865-74.1% | $2,294-78.9% | $2,552-81.0% |
| Participant deferral / active EE | $2,120 | $3,047-30.4% | $3,822-44.5% | $4,126-48.6% |
| Admin fee / account holder | $3,121 | $5,511-43.4% | $7,024-55.6% | $7,339-57.5% |