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 | $53,486 | $56,339-5.1% | $104,301-48.7% | $68,486-21.9% |
| Participation rate | 28.9% | 63.3%-34.4pp | 73.3%-44.4pp | 67.9%-39.0pp |
| Annual return | -15.24% | -9.19%-6.0pp | 24.61%-39.9pp | -7.85%-7.4pp |
| Employer contribution / active EE | $938 | $1,960-52.1% | $3,373-72.2% | $2,597-63.9% |
| Participant deferral / active EE | $2,125 | $3,077-30.9% | $4,626-54.1% | $4,028-47.2% |
| Admin fee / account holder | $6,407 | $4,902+30.7% | $7,340-12.7% | $5,404+18.6% |