Filed July 19, 2016
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,233 | $76,551-67.0% | $123,894-79.6% | $62,881-59.9% |
| Participation rate | 29.8% | 73.0%-43.2pp | 81.4%-51.6pp | 69.3%-39.5pp |
| Annual return | 1.49% | 18.68%-17.2pp | 47.52%-46.0pp | 20.14%-18.7pp |
| Employer contribution / active EE | $61 | $2,882-97.9% | $4,617-98.7% | $2,281-97.3% |
| Participant deferral / active EE | $2,096 | $4,840-56.7% | $5,984-65.0% | $3,203-34.6% |
| Admin fee / account holder | $17,173 | $4,826+255.9% | $8,357+105.5% | $4,296+299.8% |