Filed March 13, 2019
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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 | $77,608 | $82,678-6.1% | $125,391-38.1% | $68,490+13.3% |
| Participation rate | 66.7% | 75.1%-8.4pp | 82.4%-15.7pp | 67.9%-1.2pp |
| Annual return | -17.43% | -5.97%-11.5pp | 572.41%-589.8pp | -7.85%-9.6pp |
| Employer contribution / active EE | $2,118 | $3,382-37.4% | $4,816-56.0% | $2,597-18.4% |
| Participant deferral / active EE | $4,530 | $6,111-25.9% | $7,448-39.2% | $4,028+12.5% |
| Admin fee / account holder | $3,461 | $6,277-44.9% | $10,009-65.4% | $5,403-35.9% |