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 | $72,052 | $66,402+8.5% | $109,907-34.4% | $85,847-16.1% |
| Participation rate | 42.5% | 63.9%-21.4pp | 74.2%-31.7pp | 69.3%-26.8pp |
| Annual return | 11.88% | 19.59%-7.7pp | 29.46%-17.6pp | 318.61%-306.7pp |
| Employer contribution / active EE | $835 | $1,687-50.5% | $2,844-70.6% | $2,565-67.5% |
| Participant deferral / active EE | $1,643 | $2,842-42.2% | $4,047-59.4% | $3,952-58.4% |
| Admin fee / account holder | $660 | $4,557-85.5% | $6,069-89.1% | $6,261-89.5% |