Filed February 9, 2018
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,623 | $62,409+160.6% | $120,574+34.9% | $74,459+118.4% |
| Participation rate | 35.0% | 56.8%-21.7pp | 71.9%-36.9pp | 67.2%-32.2pp |
| Annual return | 15.80% | 18.62%-2.8pp | 107.42%-91.6pp | 1369.70%-1353.9pp |
| Employer contribution / active EE | $1,266 | $1,847-31.4% | $3,471-63.5% | $2,626-51.8% |
| Participant deferral / active EE | $2,912 | $2,888+0.8% | $4,996-41.7% | $4,350-33.0% |
| Admin fee / account holder | $7,147 | $2,394+198.6% | $9,445-24.3% | $1,945+267.5% |