Filed May 6, 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 | $30,923 | $51,606-40.1% | $129,339-76.1% | $80,911-61.8% |
| Participation rate | 33.0% | 57.0%-24.0pp | 69.6%-36.6pp | 67.6%-34.7pp |
| Annual return | 15.12% | 20.76%-5.6pp | 9437.05%-9421.9pp | 35.63%-20.5pp |
| Employer contribution / active EE | $1,131 | $1,582-28.5% | $4,154-72.8% | $2,756-59.0% |
| Participant deferral / active EE | $1,685 | $2,669-36.9% | $4,170-59.6% | $4,297-60.8% |
| Admin fee / account holder | $2,253 | $4,310-47.7% | $7,668-70.6% | $6,935-67.5% |