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.)
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 | $12,354 | $46,732-73.6% | $156,551-92.1% | $55,167-77.6% |
| Participation rate | 33.6% | 65.8%-32.2pp | 84.0%-50.4pp | 69.0%-35.4pp |
| Annual return | 6.09% | 17.72%-11.6pp | 32.23%-26.1pp | 169.23%-163.1pp |
| Employer contribution / active EE | $420 | $2,105-80.1% | $5,501-92.4% | $1,963-78.6% |
| Participant deferral / active EE | $1,043 | $2,204-52.7% | $4,871-78.6% | $3,054-65.9% |
| Admin fee / account holder | $2,125 | $418+407.8% | $13,028-83.7% | $504+321.6% |