Filed July 18, 2017
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $5,663 | $61,660-90.8% | $80,022-92.9% | $64,173-91.2% |
| Participation rate | 6.4% | 71.7%-65.3pp | 75.8%-69.4pp | 69.6%-63.2pp |
| Annual return | -15.51% | -0.33%-15.2pp | 11.22%-26.7pp | 7.63%-23.1pp |
| Employer contribution / active EE | $0 | $1,810-100.0% | $2,468-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $393 | $2,968-86.7% | $3,686-89.3% | $3,470-88.7% |
| Admin fee / account holder | $1,888 | $5,417-65.1% | $6,521-71.0% | $4,887-61.4% |