Filed January 21, 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 | $37,297 | $72,404-48.5% | $110,243-66.2% | $64,173-41.9% |
| Participation rate | 68.1% | 73.3%-5.2pp | 79.8%-11.7pp | 69.6%-1.4pp |
| Annual return | -2.58% | -6.29%+3.7pp | 314.76%-317.3pp | 7.63%-10.2pp |
| Employer contribution / active EE | $845 | $2,282-63.0% | $3,827-77.9% | $2,381-64.5% |
| Participant deferral / active EE | $2,677 | $3,469-22.8% | $4,672-42.7% | $3,470-22.9% |
| Admin fee / account holder | $2,509 | $5,664-55.7% | $8,548-70.7% | $4,887-48.7% |