Filed August 16, 2019
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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 | $49,208 | $83,898-41.3% | $133,346-63.1% | $94,015-47.7% |
| Participation rate | 47.5% | 63.4%-15.9pp | 72.8%-25.3pp | 70.8%-23.3pp |
| Annual return | 11.85% | 16.00%-4.1pp | 36.85%-25.0pp | 17.84%-6.0pp |
| Employer contribution / active EE | $2,196 | $1,821+20.6% | $2,853-23.0% | $2,790-21.3% |
| Participant deferral / active EE | $2,633 | $3,245-18.9% | $4,332-39.2% | $4,249-38.0% |
| Admin fee / account holder | $3,163 | $7,809-59.5% | $14,264-77.8% | $8,951-64.7% |