Filed June 4, 2018
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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 | $14,060 | $81,504-82.7% | $102,437-86.3% | $80,959-82.6% |
| Participation rate | 44.4% | 66.9%-22.4pp | 74.5%-30.1pp | 67.7%-23.2pp |
| Annual return | 15.74% | 25.60%-9.9pp | 24.95%-9.2pp | 35.67%-19.9pp |
| Employer contribution / active EE | $1,598 | $3,104-48.5% | $3,871-58.7% | $2,757-42.0% |
| Participant deferral / active EE | $2,718 | $3,871-29.8% | $5,060-46.3% | $4,300-36.8% |
| Admin fee / account holder | $470 | $6,719-93.0% | $8,388-94.4% | $6,925-93.2% |