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 | $93,345+96.4% | $119,126+53.9% | $87,485+109.6% |
| Participation rate | 55.9% | 68.7%-12.9pp | 75.8%-19.9pp | 68.9%-13.0pp |
| Annual return | 16.49% | 19.08%-2.6pp | 282.11%-265.6pp | 26.06%-9.6pp |
| Employer contribution / active EE | $1,347 | $3,172-57.5% | $4,034-66.6% | $2,596-48.1% |
| Participant deferral / active EE | $3,266 | $4,099-20.3% | $5,318-38.6% | $4,274-23.6% |
| Admin fee / account holder | $6,063 | $8,039-24.6% | $10,693-43.3% | $7,775-22.0% |