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 | $110,103 | $78,529+40.2% | $105,591+4.3% | $74,400+48.0% |
| Participation rate | 52.3% | 72.8%-20.5pp | 75.3%-23.0pp | 67.2%-14.9pp |
| Annual return | 11.56% | 15.94%-4.4pp | 116.43%-104.9pp | 1367.51%-1356.0pp |
| Employer contribution / active EE | $1,629 | $2,522-35.4% | $3,166-48.6% | $2,624-37.9% |
| Participant deferral / active EE | $2,818 | $4,321-34.8% | $5,008-43.7% | $4,348-35.2% |
| Admin fee / account holder | $3,040 | $2,216+37.2% | $11,024-72.4% | $1,944+56.4% |