Filed March 12, 2018
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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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $112,926 | $77,677+45.4% | $109,188+3.4% | $79,389+42.2% |
| Participation rate | 65.1% | 67.8%-2.7pp | 75.9%-10.8pp | 70.7%-5.6pp |
| Annual return | 15.87% | 23.44%-7.6pp | 25.76%-9.9pp | 116.89%-101.0pp |
| Employer contribution / active EE | $2,530 | $2,798-9.6% | $3,723-32.0% | $2,428+4.2% |
| Participant deferral / active EE | $5,886 | $3,517+67.4% | $4,654+26.5% | $4,046+45.5% |
| Admin fee / account holder | $3,871 | $732+428.5% | $6,755-42.7% | $626+518.0% |