Filed November 12, 2020
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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 | $42,604 | $80,753-47.2% | $136,298-68.7% | $62,293-31.6% |
| Participation rate | 53.8% | 73.5%-19.7pp | 81.9%-28.1pp | 69.5%-15.7pp |
| Annual return | 27.21% | 35.83%-8.6pp | 5156.27%-5129.1pp | 28.90%-1.7pp |
| Employer contribution / active EE | $2,281 | $2,884-20.9% | $4,696-51.4% | $2,042+11.7% |
| Participant deferral / active EE | $3,898 | $5,164-24.5% | $6,247-37.6% | $3,169+23.0% |
| Admin fee / account holder | $635 | $525+20.9% | $9,244-93.1% | $479+32.5% |