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 | $88,778-37.0% | $81,844-31.7% | $145,884-61.7% |
| Participation rate | 62.5% | 75.1%-12.6pp | 72.4%-9.9pp | 80.3%-17.8pp |
| Annual return | 9.57% | 1033.03%-1023.5pp | 778.87%-769.3pp | 551.85%-542.3pp |
| Employer contribution / active EE | $927 | $3,087-70.0% | $2,916-68.2% | $4,662-80.1% |
| Participant deferral / active EE | $4,491 | $4,648-3.4% | $4,323+3.9% | $6,690-32.9% |
| Admin fee / account holder | $2,051 | $8,430-75.7% | $7,355-72.1% | $13,392-84.7% |