Filed February 22, 2016
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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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,061 | $78,690-88.5% | $161,489-94.4% | $87,485-89.6% |
| Participation rate | 64.6% | 67.5%-2.9pp | 78.7%-14.1pp | 68.9%-4.3pp |
| Annual return | 0.00% | 32.74%-32.7pp | 89.72%-89.7pp | 26.06%-26.1pp |
| Employer contribution / active EE | $397 | $2,588-84.7% | $4,268-90.7% | $2,596-84.7% |
| Participant deferral / active EE | $2,419 | $3,311-26.9% | $5,630-57.0% | $4,274-43.4% |
| Admin fee / account holder | $485 | $6,724-92.8% | $16,006-97.0% | $7,775-93.8% |