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 | $25,082 | $109,359-77.1% | $162,185-84.5% | $72,976-65.6% |
| Participation rate | 39.0% | 84.3%-45.2pp | 87.6%-48.5pp | 69.5%-30.5pp |
| Annual return | 19.66% | 25.46%-5.8pp | 115.61%-95.9pp | 81.02%-61.4pp |
| Employer contribution / active EE | $0 | $3,907-100.0% | $5,613-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $934 | $5,481-83.0% | $7,297-87.2% | $3,608-74.1% |
| Admin fee / account holder | $3,171 | $7,972-60.2% | $10,844-70.8% | $5,124-38.1% |