Filed December 9, 2020 (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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,486 | $78,027-58.4% | $178,528-81.8% | $80,925-59.9% |
| Participation rate | 38.0% | 65.7%-27.7pp | 77.1%-39.1pp | 67.7%-29.7pp |
| Annual return | 8.36% | 18.09%-9.7pp | 27.11%-18.7pp | 35.65%-27.3pp |
| Employer contribution / active EE | $1,220 | $2,281-46.5% | $3,950-69.1% | $2,756-55.8% |
| Participant deferral / active EE | $2,275 | $4,408-48.4% | $6,278-63.8% | $4,299-47.1% |
| Admin fee / account holder | $8,446 | $7,168+17.8% | $10,419-18.9% | $6,940+21.7% |