Filed February 5, 2021 (most recent of 5 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 | $55,933 | $87,834-36.3% | $133,975-58.3% | $62,881-11.1% |
| Participation rate | 69.3% | 83.4%-14.1pp | 87.1%-17.7pp | 69.3%0pp |
| Annual return | 6.17% | 12.05%-5.9pp | 29.29%-23.1pp | 20.14%-14.0pp |
| Employer contribution / active EE | $1,698 | $3,482-51.2% | $5,211-67.4% | $2,281-25.5% |
| Participant deferral / active EE | $2,972 | $4,812-38.2% | $6,282-52.7% | $3,203-7.2% |
| Admin fee / account holder | $6,878 | $5,372+28.0% | $9,324-26.2% | $4,296+60.1% |