Filed December 4, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,799 | $58,828-74.8% | $78,002-81.0% | $62,881-76.5% |
| Participation rate | 55.6% | 71.1%-15.5pp | 75.5%-20.0pp | 69.3%-13.7pp |
| Annual return | 10.75% | 17.16%-6.4pp | 425.99%-415.2pp | 20.14%-9.4pp |
| Employer contribution / active EE | $1,467 | $1,672-12.2% | $2,470-40.6% | $2,281-35.7% |
| Participant deferral / active EE | $2,618 | $2,686-2.5% | $3,497-25.1% | $3,203-18.3% |
| Admin fee / account holder | $691 | $4,393-84.3% | $5,481-87.4% | $4,296-83.9% |