Filed March 15, 2016
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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 | $17,746 | $84,236-78.9% | $170,439-89.6% | $70,124-74.7% |
| Participation rate | 38.2% | 70.8%-32.6pp | 83.6%-45.4pp | 69.5%-31.3pp |
| Annual return | 26.12% | 23.06%+3.1pp | 205.94%-179.8pp | 73.14%-47.0pp |
| Employer contribution / active EE | $1,235 | $3,387-63.5% | $5,433-77.3% | $2,342-47.3% |
| Participant deferral / active EE | $1,815 | $3,086-41.2% | $4,939-63.2% | $3,332-45.5% |
| Admin fee / account holder | $994 | $5,698-82.6% | $13,881-92.8% | $4,645-78.6% |