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 | $33,015 | $109,905-70.0% | $98,506-66.5% | $167,553-80.3% |
| Participation rate | 62.5% | 75.8%-13.3pp | 73.3%-10.8pp | 82.1%-19.6pp |
| Annual return | 12.03% | 1960.20%-1948.2pp | 1494.92%-1482.9pp | 478.89%-466.9pp |
| Employer contribution / active EE | $1,444 | $3,226-55.2% | $2,961-51.2% | $4,840-70.2% |
| Participant deferral / active EE | $4,291 | $4,674-8.2% | $4,277+0.3% | $6,343-32.3% |
| Admin fee / account holder | $1,532 | $6,760-77.3% | $5,955-74.3% | $12,316-87.6% |