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 | $37,282 | $65,555-43.1% | $86,216-56.8% | $75,173-50.4% |
| Participation rate | 44.1% | 60.5%-16.4pp | 69.0%-24.8pp | 67.2%-23.1pp |
| Annual return | 17.49% | 46.07%-28.6pp | 1169.42%-1151.9pp | 160.72%-143.2pp |
| Employer contribution / active EE | $2,759 | $1,553+77.6% | $2,382+15.8% | $2,671+3.3% |
| Participant deferral / active EE | $2,852 | $3,023-5.7% | $3,986-28.5% | $4,126-30.9% |
| Admin fee / account holder | $717 | $5,469-86.9% | $6,853-89.5% | $5,651-87.3% |