Filed May 4, 2016
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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 | $129,828 | $88,203+47.2% | $165,100-21.4% | $74,478+74.3% |
| Participation rate | 42.3% | 73.1%-30.8pp | 78.6%-36.3pp | 67.2%-24.9pp |
| Annual return | 13.59% | 17.13%-3.5pp | 70.21%-56.6pp | 1370.56%-1357.0pp |
| Employer contribution / active EE | $1,328 | $2,601-48.9% | $4,348-69.5% | $2,626-49.4% |
| Participant deferral / active EE | $2,527 | $4,505-43.9% | $6,035-58.1% | $4,350-41.9% |
| Admin fee / account holder | $9,828 | $2,235+339.7% | $12,696-22.6% | $1,946+405.1% |