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 | $125,521 | $78,672+59.6% | $109,163+15.0% | $85,856+46.2% |
| Participation rate | 61.3% | 68.3%-6.9pp | 75.9%-14.5pp | 69.3%-8.0pp |
| Annual return | 12.44% | 25.09%-12.6pp | 25.75%-13.3pp | 318.58%-306.1pp |
| Employer contribution / active EE | $1,068 | $2,734-60.9% | $3,723-71.3% | $2,565-58.4% |
| Participant deferral / active EE | $3,486 | $3,467+0.5% | $4,654-25.1% | $3,952-11.8% |
| Admin fee / account holder | $1,923 | $5,470-64.8% | $6,754-71.5% | $6,261-69.3% |