Filed December 29, 2020 (most recent of 2 filings on file)
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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 | $166,436 | $90,486+83.9% | $78,676+111.5% | $273,972-39.3% |
| Participation rate | 33.3% | 76.5%-43.2pp | 73.6%-40.2pp | 83.0%-49.7pp |
| Annual return | 4.64% | 75.62%-71.0pp | 62.19%-57.5pp | 41.46%-36.8pp |
| Employer contribution / active EE | $798 | $3,175-74.9% | $2,850-72.0% | $4,869-83.6% |
| Participant deferral / active EE | $2,712 | $3,901-30.5% | $3,517-22.9% | $5,287-48.7% |
| Admin fee / account holder | $644 | $5,263-87.8% | $4,510-85.7% | $10,133-93.6% |