Filed December 16, 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 | $72,655 | $63,346+14.7% | $92,240-21.2% | $70,126+3.6% |
| Participation rate | 49.4% | 68.7%-19.3pp | 76.5%-27.1pp | 69.5%-20.1pp |
| Annual return | 16.37% | 530.19%-513.8pp | 176.29%-159.9pp | 73.15%-56.8pp |
| Employer contribution / active EE | $1,553 | $2,471-37.2% | $3,680-57.8% | $2,343-33.7% |
| Participant deferral / active EE | $2,855 | $2,8540% | $3,897-26.7% | $3,332-14.3% |
| Admin fee / account holder | $3,650 | $3,841-5.0% | $5,194-29.7% | $4,645-21.4% |