Filed March 26, 2020
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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 | $64,715 | $39,162+65.3% | $100,671-35.7% | $59,633+8.5% |
| Participation rate | 48.5% | 55.9%-7.4pp | 70.7%-22.2pp | 68.7%-20.2pp |
| Annual return | -1.35% | 21.07%-22.4pp | 20.43%-21.8pp | 2041.40%-2042.7pp |
| Employer contribution / active EE | $808 | $1,151-29.8% | $4,012-79.9% | $2,203-63.3% |
| Participant deferral / active EE | $2,630 | $1,992+32.0% | $3,144-16.3% | $3,192-17.6% |
| Admin fee / account holder | $789 | $2,969-73.4% | $4,850-83.7% | $4,297-81.6% |