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 | $20,089 | $89,367-77.5% | $141,191-85.8% | $72,975-72.5% |
| Participation rate | 65.9% | 75.1%-9.3pp | 82.5%-16.6pp | 69.5%-3.6pp |
| Annual return | 30.10% | 111.87%-81.8pp | 71.41%-41.3pp | 81.01%-50.9pp |
| Employer contribution / active EE | $2,287 | $3,115-26.6% | $4,736-51.7% | $2,440-6.3% |
| Participant deferral / active EE | $4,807 | $5,419-11.3% | $6,710-28.4% | $3,608+33.2% |
| Admin fee / account holder | $707 | $5,957-88.1% | $10,264-93.1% | $5,124-86.2% |