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 | $59,712 | $54,355+9.9% | $82,744-27.8% | $68,486-12.8% |
| Participation rate | 67.9% | 63.9%+3.9pp | 72.6%-4.7pp | 67.9%0pp |
| Annual return | -16.91% | -13.67%-3.2pp | 702.22%-719.1pp | -7.85%-9.1pp |
| Employer contribution / active EE | $2,550 | $2,219+15.0% | $3,008-15.2% | $2,597-1.8% |
| Participant deferral / active EE | $4,949 | $3,246+52.5% | $4,395+12.6% | $4,028+22.9% |
| Admin fee / account holder | $752 | $4,397-82.9% | $5,325-85.9% | $5,404-86.1% |