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 | $115,848 | $83,045+39.5% | $130,045-10.9% | $71,511+62.0% |
| Participation rate | 42.3% | 74.1%-31.8pp | 78.5%-36.2pp | 67.9%-25.6pp |
| Annual return | 15.29% | 20.61%-5.3pp | -137.30%+152.6pp | 28.86%-13.6pp |
| Employer contribution / active EE | $1,312 | $2,623-50.0% | $4,321-69.6% | $2,589-49.3% |
| Participant deferral / active EE | $2,394 | $4,436-46.0% | $5,820-58.9% | $4,291-44.2% |
| Admin fee / account holder | $2,443 | $1,727+41.5% | $10,600-76.9% | $1,588+53.8% |