Filed August 19, 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.)
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 | $17,683 | $85,766-79.4% | $136,298-87.0% | $70,126-74.8% |
| Participation rate | 42.9% | 74.2%-31.3pp | 81.9%-39.1pp | 69.5%-26.7pp |
| Annual return | 21.56% | 31.46%-9.9pp | 5156.27%-5134.7pp | 73.15%-51.6pp |
| Employer contribution / active EE | $1,557 | $2,966-47.5% | $4,696-66.8% | $2,343-33.5% |
| Participant deferral / active EE | $3,676 | $5,051-27.2% | $6,247-41.2% | $3,332+10.3% |
| Admin fee / account holder | $2,862 | $5,421-47.2% | $9,244-69.0% | $4,645-38.4% |