Filed January 26, 2018
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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 | $90,337 | $57,541+57.0% | $95,728-5.6% | $75,181+20.2% |
| Participation rate | 48.0% | 62.5%-14.6pp | 72.3%-24.3pp | 67.2%-19.2pp |
| Annual return | 15.97% | 34.93%-19.0pp | 28.40%-12.4pp | 160.69%-144.7pp |
| Employer contribution / active EE | $0 | $1,808-100.0% | $2,835-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $1,510 | $3,074-50.9% | $4,245-64.4% | $4,126-63.4% |
| Admin fee / account holder | $9,295 | $4,099+126.8% | $5,673+63.8% | $5,650+64.5% |