Filed July 18, 2017
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $11,243 | $75,962-85.2% | $154,108-92.7% | $64,173-82.5% |
| Participation rate | 36.5% | 70.4%-33.9pp | 83.0%-46.5pp | 69.6%-33.1pp |
| Annual return | -10.37% | 30.32%-40.7pp | 735.21%-745.6pp | 7.63%-18.0pp |
| Employer contribution / active EE | $527 | $3,350-84.3% | $5,298-90.0% | $2,381-77.9% |
| Participant deferral / active EE | $815 | $3,175-74.3% | $5,081-84.0% | $3,470-76.5% |
| Admin fee / account holder | $428 | $5,589-92.3% | $13,411-96.8% | $4,887-91.2% |