Filed June 30, 2017
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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.)
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 | $26,824 | $87,834-69.5% | $133,975-80.0% | $62,881-57.3% |
| Participation rate | 40.8% | 83.4%-42.6pp | 87.1%-46.2pp | 69.3%-28.5pp |
| Annual return | 1.52% | 12.05%-10.5pp | 29.29%-27.8pp | 20.14%-18.6pp |
| Employer contribution / active EE | $594 | $3,482-82.9% | $5,211-88.6% | $2,281-73.9% |
| Participant deferral / active EE | $3,503 | $4,812-27.2% | $6,282-44.2% | $3,203+9.4% |
| Admin fee / account holder | $4,422 | $5,372-17.7% | $9,324-52.6% | $4,296+2.9% |