Filed February 2, 2021
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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 | $183,361 | $105,284+74.2% | $150,734+21.6% | $94,015+95.0% |
| Participation rate | 55.9% | 71.7%-15.9pp | 78.4%-22.6pp | 70.8%-14.9pp |
| Annual return | 16.49% | 15.67%+0.8pp | 600.81%-584.3pp | 17.84%-1.4pp |
| Employer contribution / active EE | $1,347 | $3,599-62.6% | $4,918-72.6% | $2,790-51.7% |
| Participant deferral / active EE | $3,266 | $4,274-23.6% | $5,610-41.8% | $4,249-23.1% |
| Admin fee / account holder | $6,063 | $9,839-38.4% | $14,905-59.3% | $8,951-32.3% |