Filed November 26, 2016
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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 | $18,388 | $72,177-74.5% | $115,037-84.0% | $59,633-69.2% |
| Participation rate | 88.6% | 72.6%+16.0pp | 81.4%+7.2pp | 68.7%+19.9pp |
| Annual return | 5.29% | 12.02%-6.7pp | 26.14%-20.9pp | 2041.40%-2036.1pp |
| Employer contribution / active EE | $1,788 | $2,841-37.1% | $4,608-61.2% | $2,203-18.8% |
| Participant deferral / active EE | $4,700 | $4,783-1.7% | $6,026-22.0% | $3,192+47.2% |
| Admin fee / account holder | $643 | $4,927-87.0% | $8,175-92.1% | $4,297-85.0% |