Filed February 25, 2021
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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 | $49,495 | $72,012-31.3% | $185,808-73.4% | $79,860-38.0% |
| Participation rate | 67.9% | 65.8%+2.1pp | 78.0%-10.2pp | 69.6%-1.8pp |
| Annual return | 17.70% | 23.12%-5.4pp | 35.95%-18.3pp | 31.72%-14.0pp |
| Employer contribution / active EE | $2,021 | $1,965+2.9% | $4,086-50.5% | $2,471-18.2% |
| Participant deferral / active EE | $5,105 | $3,779+35.1% | $5,632-9.4% | $3,740+36.5% |
| Admin fee / account holder | $644 | $4,513-85.7% | $9,501-93.2% | $5,306-87.9% |