Filed April 29, 2021
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,025 | $69,774-74.2% | $67,561-73.3% | $74,429-75.8% |
| Participation rate | 45.3% | 71.4%-26.1pp | 72.9%-27.6pp | 67.2%-21.9pp |
| Annual return | 25.81% | -40.53%+66.3pp | 3525.44%-3499.6pp | 1368.38%-1342.6pp |
| Employer contribution / active EE | $447 | $2,710-83.5% | $2,735-83.7% | $2,625-83.0% |
| Participant deferral / active EE | $1,274 | $3,636-65.0% | $4,003-68.2% | $4,348-70.7% |
| Admin fee / account holder | $3,027 | $890+240.1% | $4,006-24.4% | $1,944+55.7% |