Filed August 18, 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 | $73,119 | $65,246+12.1% | $98,716-25.9% | $67,986+7.6% |
| Participation rate | 56.1% | 51.4%+4.6pp | 69.3%-13.2pp | 57.2%-1.1pp |
| Annual return | 15.75% | 20.58%-4.8pp | 31.81%-16.1pp | 31.67%-15.9pp |
| Employer contribution / active EE | $553 | $1,042-46.9% | $2,279-75.7% | $2,019-72.6% |
| Participant deferral / active EE | $3,107 | $2,594+19.8% | $4,048-23.2% | $3,358-7.5% |
| Admin fee / account holder | $14,167 | $4,561+210.6% | $8,703+62.8% | $3,203+342.3% |