Filed March 5, 2020
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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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $12,298 | $46,360-73.5% | $147,618-91.7% | $52,331-76.5% |
| Participation rate | 35.0% | 64.9%-30.0pp | 84.6%-49.7pp | 68.1%-33.2pp |
| Annual return | -3.81% | 1.62%-5.4pp | 61.98%-65.8pp | 4.54%-8.3pp |
| Employer contribution / active EE | $412 | $2,126-80.6% | $5,565-92.6% | $1,882-78.1% |
| Participant deferral / active EE | $1,164 | $2,258-48.4% | $4,895-76.2% | $3,022-61.5% |
| Admin fee / account holder | $545 | $766-28.9% | $11,612-95.3% | $592-8.0% |