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 | $64,247 | $53,162+20.9% | $91,227-29.6% | $68,490-6.2% |
| Participation rate | 47.5% | 63.2%-15.7pp | 73.2%-25.7pp | 67.9%-20.4pp |
| Annual return | -8.71% | -3.14%-5.6pp | 114.14%-122.9pp | -7.85%-0.9pp |
| Employer contribution / active EE | $806 | $1,709-52.8% | $2,851-71.7% | $2,597-69.0% |
| Participant deferral / active EE | $1,420 | $2,974-52.2% | $4,234-66.5% | $4,028-64.7% |
| Admin fee / account holder | $443 | $4,493-90.2% | $5,423-91.8% | $5,403-91.8% |