Filed April 14, 2016
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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 | $6,637 | $95,193-93.0% | $76,523-91.3% | $135,382-95.1% |
| Participation rate | 28.6% | 74.4%-45.8pp | 68.0%-39.4pp | 82.6%-54.1pp |
| Annual return | -5.60% | 4.85%-10.5pp | -0.27%-5.3pp | 519.77%-525.4pp |
| Employer contribution / active EE | $0 | $3,302-100.0% | $2,647-100.0% | $4,779-100.0% |
| Participant deferral / active EE | $655 | $4,639-85.9% | $3,835-82.9% | $5,609-88.3% |
| Admin fee / account holder | $1,740 | $6,249-72.2% | $4,848-64.1% | $10,829-83.9% |