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 | $88,087+47.4% | $164,866-21.3% | $74,546+74.2% |
| Participation rate | 42.3% | 73.1%-30.7pp | 78.6%-36.3pp | 67.2%-24.9pp |
| Annual return | 13.59% | 17.27%-3.7pp | 69.97%-56.4pp | 1366.03%-1352.4pp |
| Employer contribution / active EE | $1,328 | $2,595-48.8% | $4,343-69.4% | $2,624-49.4% |
| Participant deferral / active EE | $2,527 | $4,499-43.8% | $6,033-58.1% | $4,347-41.9% |
| Admin fee / account holder | $9,828 | $2,232+340.4% | $12,689-22.6% | $1,944+405.6% |