Filed July 29, 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 | $53,554 | $58,851-9.0% | $115,170-53.5% | $72,975-26.6% |
| Participation rate | 33.3% | 65.5%-32.2pp | 75.9%-42.6pp | 69.5%-36.2pp |
| Annual return | 18.56% | 23.16%-4.6pp | 35.60%-17.0pp | 81.01%-62.5pp |
| Employer contribution / active EE | $808 | $1,798-55.1% | $3,179-74.6% | $2,440-66.9% |
| Participant deferral / active EE | $1,794 | $2,643-32.1% | $4,169-57.0% | $3,608-50.3% |
| Admin fee / account holder | $929 | $6,370-85.4% | $7,089-86.9% | $5,124-81.9% |