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 | $44,561 | $71,197-37.4% | $93,669-52.4% | $80,925-44.9% |
| Participation rate | 45.9% | 60.4%-14.4pp | 68.7%-22.8pp | 67.7%-21.7pp |
| Annual return | 10.27% | 11.27%-1.0pp | 133.59%-123.3pp | 35.65%-25.4pp |
| Employer contribution / active EE | $2,360 | $1,565+50.8% | $2,424-2.6% | $2,756-14.4% |
| Participant deferral / active EE | $2,485 | $4,036-38.4% | $4,416-43.7% | $4,299-42.2% |
| Admin fee / account holder | $2,373 | $6,959-65.9% | $8,291-71.4% | $6,940-65.8% |