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 | $77,569+60.4% | $115,599+7.6% | $64,097+94.1% |
| Participation rate | 61.0% | 60.7%+0.3pp | 74.3%-13.3pp | 55.2%+5.8pp |
| Annual return | 17.79% | 18.52%-0.7pp | 111.10%-93.3pp | 34.64%-16.9pp |
| Employer contribution / active EE | $2,029 | $1,915+6.0% | $2,955-31.3% | $1,891+7.3% |
| Participant deferral / active EE | $3,644 | $3,327+9.5% | $4,889-25.5% | $3,080+18.3% |
| Admin fee / account holder | $2,953 | $4,470-33.9% | $12,841-77.0% | $3,454-14.5% |