Filed February 4, 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,867 | $64,359-83.1% | $90,161-87.9% | $70,126-84.5% |
| Participation rate | 42.2% | 70.4%-28.2pp | 76.9%-34.7pp | 69.5%-27.3pp |
| Annual return | 18.75% | 28.13%-9.4pp | 34.89%-16.1pp | 73.15%-54.4pp |
| Employer contribution / active EE | $0 | $2,046-100.0% | $3,318-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $1,799 | $4,389-59.0% | $5,287-66.0% | $3,332-46.0% |
| Admin fee / account holder | $415 | $3,945-89.5% | $5,943-93.0% | $4,645-91.1% |