Filed June 14, 2021 (most recent of 2 filings on file)
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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 | $124,441 | $76,383+62.9% | $121,663+2.3% | $64,340+93.4% |
| Participation rate | 61.0% | 60.4%+0.5pp | 74.5%-13.5pp | 55.2%+5.7pp |
| Annual return | 17.79% | 16.98%+0.8pp | 147.54%-129.8pp | 24.14%-6.4pp |
| Employer contribution / active EE | $2,029 | $1,943+4.4% | $3,020-32.8% | $1,862+9.0% |
| Participant deferral / active EE | $3,644 | $3,149+15.7% | $4,887-25.4% | $2,980+22.3% |
| Admin fee / account holder | $2,953 | $4,142-28.7% | $14,289-79.3% | $3,703-20.2% |