Filed November 17, 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 | $30,450 | $86,922-65.0% | $102,438-70.3% | $80,874-62.3% |
| Participation rate | 64.2% | 72.4%-8.2pp | 76.5%-12.3pp | 67.6%-3.5pp |
| Annual return | 12.52% | 18.90%-6.4pp | 29.37%-16.9pp | 35.62%-23.1pp |
| Employer contribution / active EE | $1,213 | $2,369-48.8% | $3,024-59.9% | $2,756-56.0% |
| Participant deferral / active EE | $3,147 | $4,119-23.6% | $5,054-37.7% | $4,297-26.8% |
| Admin fee / account holder | $1,009 | $8,050-87.5% | $9,448-89.3% | $6,935-85.5% |