Filed December 12, 2019
Total covered: 2 employees
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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 | $55,906 | $88,815-37.1% | $81,882-31.7% | $145,897-61.7% |
| Participation rate | 62.5% | 75.1%-12.6pp | 72.4%-9.9pp | 80.3%-17.8pp |
| Annual return | 9.57% | 1033.75%-1024.2pp | 779.47%-769.9pp | 552.29%-542.7pp |
| Employer contribution / active EE | $927 | $3,086-70.0% | $2,916-68.2% | $4,663-80.1% |
| Participant deferral / active EE | $4,491 | $4,647-3.4% | $4,323+3.9% | $6,689-32.9% |
| Admin fee / account holder | $2,051 | $8,434-75.7% | $7,360-72.1% | $13,390-84.7% |