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 | $88,137+47.3% | $164,975-21.3% | $74,429+74.4% |
| Participation rate | 42.3% | 73.1%-30.8pp | 78.6%-36.3pp | 67.2%-24.9pp |
| Annual return | 13.59% | 17.13%-3.5pp | 70.12%-56.5pp | 1368.38%-1354.8pp |
| Employer contribution / active EE | $1,328 | $2,597-48.9% | $4,343-69.4% | $2,625-49.4% |
| Participant deferral / active EE | $2,527 | $4,501-43.9% | $6,033-58.1% | $4,348-41.9% |
| Admin fee / account holder | $9,828 | $2,231+340.4% | $12,688-22.5% | $1,944+405.5% |