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 | $81,777+52.2% | $148,496-16.2% | $69,733+78.5% |
| Participation rate | 61.0% | 70.9%-9.9pp | 76.0%-15.1pp | 62.5%-1.5pp |
| Annual return | 17.79% | 14.38%+3.4pp | 12.33%+5.5pp | 15.22%+2.6pp |
| Employer contribution / active EE | $2,029 | $2,488-18.5% | $3,497-42.0% | $2,250-9.8% |
| Participant deferral / active EE | $3,644 | $3,367+8.2% | $4,808-24.2% | $3,054+19.3% |
| Admin fee / account holder | $2,953 | $2,991-1.3% | $19,547-84.9% | $3,102-4.8% |