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 | $61,727 | $81,487-24.2% | $102,412-39.7% | $80,935-23.7% |
| Participation rate | 54.7% | 66.8%-12.2pp | 74.5%-19.9pp | 67.7%-13.0pp |
| Annual return | 27.14% | 25.60%+1.5pp | 24.94%+2.2pp | 35.66%-8.5pp |
| Employer contribution / active EE | $2,504 | $3,103-19.3% | $3,870-35.3% | $2,757-9.2% |
| Participant deferral / active EE | $5,600 | $3,871+44.7% | $5,060+10.7% | $4,299+30.2% |
| Admin fee / account holder | $3,198 | $6,717-52.4% | $8,388-61.9% | $6,924-53.8% |