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 | $136,098 | $73,978+84.0% | $96,515+41.0% | $75,173+81.0% |
| Participation rate | 55.1% | 66.4%-11.3pp | 74.3%-19.2pp | 67.2%-12.1pp |
| Annual return | 15.24% | 26.72%-11.5pp | 35.73%-20.5pp | 160.72%-145.5pp |
| Employer contribution / active EE | $1,212 | $2,931-58.7% | $3,740-67.6% | $2,671-54.6% |
| Participant deferral / active EE | $3,216 | $3,660-12.1% | $4,880-34.1% | $4,126-22.0% |
| Admin fee / account holder | $4,289 | $5,219-17.8% | $6,735-36.3% | $5,651-24.1% |