Filed February 13, 2018
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.)
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 | $15,585 | $43,730-64.4% | $121,208-87.1% | $64,181-75.7% |
| Participation rate | 40.0% | 58.3%-18.3pp | 71.8%-31.8pp | 69.6%-29.6pp |
| Annual return | 7.65% | 68.94%-61.3pp | 16.93%-9.3pp | 7.63%0pp |
| Employer contribution / active EE | $159 | $1,297-87.7% | $4,023-96.0% | $2,381-93.3% |
| Participant deferral / active EE | $1,081 | $2,281-52.6% | $3,345-67.7% | $3,470-68.9% |
| Admin fee / account holder | $797 | $3,502-77.3% | $5,020-84.1% | $4,887-83.7% |