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 | $143,224 | $99,011+44.7% | $86,582+65.4% | $147,586-3.0% |
| Participation rate | 40.0% | 76.3%-36.3pp | 73.5%-33.5pp | 82.8%-42.8pp |
| Annual return | 14.60% | 1312.75%-1298.1pp | 965.08%-950.5pp | 578.59%-564.0pp |
| Employer contribution / active EE | $1,008 | $3,132-67.8% | $2,839-64.5% | $4,876-79.3% |
| Participant deferral / active EE | $2,252 | $3,972-43.3% | $3,609-37.6% | $5,439-58.6% |
| Admin fee / account holder | $522 | $5,709-90.9% | $4,904-89.4% | $10,886-95.2% |