Filed May 31, 2019
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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 | $42,344 | $49,025-13.6% | $87,502-51.6% | $62,881-32.7% |
| Participation rate | 40.9% | 64.9%-24.0pp | 73.8%-32.9pp | 69.3%-28.4pp |
| Annual return | 7.23% | 10.02%-2.8pp | 12.21%-5.0pp | 20.14%-12.9pp |
| Employer contribution / active EE | $650 | $1,372-52.6% | $2,550-74.5% | $2,281-71.5% |
| Participant deferral / active EE | $2,563 | $2,289+11.9% | $3,149-18.6% | $3,203-20.0% |
| Admin fee / account holder | $7,180 | $4,065+76.6% | $4,221+70.1% | $4,296+67.1% |