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 | $85,447 | $61,787+38.3% | $97,197-12.1% | $80,925+5.6% |
| Participation rate | 39.0% | 63.5%-24.5pp | 72.7%-33.7pp | 67.7%-28.6pp |
| Annual return | 10.92% | -558.16%+569.1pp | 75.47%-64.6pp | 35.65%-24.7pp |
| Employer contribution / active EE | $918 | $1,836-50.0% | $2,723-66.3% | $2,756-66.7% |
| Participant deferral / active EE | $1,767 | $3,027-41.6% | $4,263-58.6% | $4,299-58.9% |
| Admin fee / account holder | $4,593 | $5,170-11.2% | $5,637-18.5% | $6,940-33.8% |