Filed April 29, 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 | $23,564 | $49,255-52.2% | $70,494-66.6% | $79,856-70.5% |
| Participation rate | 44.1% | 69.2%-25.1pp | 75.1%-31.0pp | 69.6%-25.6pp |
| Annual return | 7.52% | 30.10%-22.6pp | 109.16%-101.6pp | 31.71%-24.2pp |
| Employer contribution / active EE | $388 | $2,100-81.5% | $2,738-85.8% | $2,471-84.3% |
| Participant deferral / active EE | $1,028 | $2,768-62.9% | $3,711-72.3% | $3,741-72.5% |
| Admin fee / account holder | $3,903 | $2,879+35.6% | $3,848+1.4% | $5,306-26.4% |