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 | $46,416 | $57,352-19.1% | $83,830-44.6% | $64,173-27.7% |
| Participation rate | 65.4% | 68.6%-3.2pp | 76.1%-10.7pp | 69.6%-4.1pp |
| Annual return | -3.45% | 11.38%-14.8pp | 850.97%-854.4pp | 7.63%-11.1pp |
| Employer contribution / active EE | $2,095 | $2,546-17.7% | $3,631-42.3% | $2,381-12.0% |
| Participant deferral / active EE | $3,335 | $2,993+11.4% | $4,082-18.3% | $3,470-3.9% |
| Admin fee / account holder | $17,140 | $4,046+323.6% | $5,479+212.8% | $4,887+250.7% |