Filed November 15, 2019
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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,591 | $72,177-74.2% | $115,037-83.8% | $59,633-68.8% |
| Participation rate | 52.6% | 72.6%-19.9pp | 81.4%-28.7pp | 68.7%-16.0pp |
| Annual return | 11.92% | 12.02%-0.1pp | 26.14%-14.2pp | 2041.40%-2029.5pp |
| Employer contribution / active EE | $992 | $2,841-65.1% | $4,608-78.5% | $2,203-55.0% |
| Participant deferral / active EE | $3,072 | $4,783-35.8% | $6,026-49.0% | $3,192-3.7% |
| Admin fee / account holder | $3,000 | $4,927-39.1% | $8,175-63.3% | $4,297-30.2% |