Filed March 30, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,568 | $52,580-72.3% | $71,671-79.7% | $70,126-79.2% |
| Participation rate | 65.5% | 60.9%+4.6pp | 68.7%-3.2pp | 69.5%-4.0pp |
| Annual return | 22.84% | 20.25%+2.6pp | 20.65%+2.2pp | 73.15%-50.3pp |
| Employer contribution / active EE | $338 | $1,616-79.1% | $2,460-86.3% | $2,343-85.6% |
| Participant deferral / active EE | $2,331 | $2,386-2.3% | $3,438-32.2% | $3,332-30.0% |
| Admin fee / account holder | $1,381 | $3,653-62.2% | $5,558-75.2% | $4,645-70.3% |