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 | $45,431 | $73,988-38.6% | $96,538-52.9% | $75,177-39.6% |
| Participation rate | 44.9% | 66.4%-21.6pp | 74.3%-29.5pp | 67.2%-22.3pp |
| Annual return | 24.30% | 26.73%-2.4pp | 35.74%-11.4pp | 160.75%-136.5pp |
| Employer contribution / active EE | $2,135 | $2,930-27.1% | $3,740-42.9% | $2,671-20.1% |
| Participant deferral / active EE | $5,881 | $3,660+60.6% | $4,880+20.5% | $4,126+42.5% |
| Admin fee / account holder | $10,163 | $5,220+94.7% | $6,737+50.8% | $5,651+79.8% |