Filed February 14, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $200,798 | $167,353+20.0% | $143,797+39.6% | $134,545+49.2% |
| Participation rate | 33.3% | 84.8%-51.5pp | 80.3%-47.0pp | 81.2%-47.9pp |
| Annual return | -17.68% | 0.48%-18.2pp | -0.04%-17.6pp | 418.37%-436.0pp |
| Employer contribution / active EE | $2,014 | $5,620-64.2% | $4,952-59.3% | $4,742-57.5% |
| Participant deferral / active EE | $7,269 | $6,447+12.8% | $5,638+28.9% | $6,401+13.6% |
| Admin fee / account holder | $2,093 | $18,096-88.4% | $14,679-85.7% | $11,431-81.7% |