Filed April 5, 2016
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $7,553 | $47,977-84.3% | $154,111-95.1% | $56,287-86.6% |
| Participation rate | 43.0% | 66.2%-23.2pp | 83.0%-40.0pp | 69.9%-26.9pp |
| Annual return | -9.30% | 3.54%-12.8pp | 735.18%-744.5pp | -9.96%+0.7pp |
| Employer contribution / active EE | $253 | $2,169-88.3% | $5,298-95.2% | $2,111-88.0% |
| Participant deferral / active EE | $1,113 | $2,392-53.5% | $5,081-78.1% | $3,350-66.8% |
| Admin fee / account holder | $554 | $438+26.4% | $13,411-95.9% | $521+6.3% |