Filed April 14, 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 | $26,991 | $98,760-72.7% | $149,715-82.0% | $79,858-66.2% |
| Participation rate | 41.9% | 75.8%-33.8pp | 82.5%-40.5pp | 69.6%-27.7pp |
| Annual return | 46.64% | 27.43%+19.2pp | 276.66%-230.0pp | 31.72%+14.9pp |
| Employer contribution / active EE | $1,810 | $3,217-43.7% | $4,645-61.0% | $2,471-26.7% |
| Participant deferral / active EE | $4,295 | $5,681-24.4% | $6,842-37.2% | $3,740+14.8% |
| Admin fee / account holder | $4,218 | $6,053-30.3% | $9,310-54.7% | $5,306-20.5% |