Filed September 8, 2017
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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 | $72,823 | $63,346+15.0% | $92,240-21.1% | $70,126+3.8% |
| Participation rate | 61.3% | 68.7%-7.4pp | 76.5%-15.2pp | 69.5%-8.2pp |
| Annual return | 13.77% | 530.19%-516.4pp | 176.29%-162.5pp | 73.15%-59.4pp |
| Employer contribution / active EE | $1,876 | $2,471-24.1% | $3,680-49.0% | $2,343-19.9% |
| Participant deferral / active EE | $4,300 | $2,854+50.7% | $3,897+10.3% | $3,332+29.0% |
| Admin fee / account holder | $2,677 | $3,841-30.3% | $5,194-48.5% | $4,645-42.4% |