Filed October 10, 2016 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,641 | $87,834-73.1% | $133,975-82.4% | $62,881-62.4% |
| Participation rate | 32.5% | 83.4%-50.9pp | 87.1%-54.6pp | 69.3%-36.8pp |
| Annual return | 9.30% | 12.05%-2.8pp | 29.29%-20.0pp | 20.14%-10.8pp |
| Employer contribution / active EE | $0 | $3,482-100.0% | $5,211-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $707 | $4,812-85.3% | $6,282-88.7% | $3,203-77.9% |
| Admin fee / account holder | $1,793 | $5,372-66.6% | $9,324-80.8% | $4,296-58.3% |