Filed July 16, 2015
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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 | $82,144 | $86,940-5.5% | $102,434-19.8% | $80,935+1.5% |
| Participation rate | 66.7% | 72.4%-5.7pp | 76.5%-9.8pp | 67.7%-1.0pp |
| Annual return | 11.14% | 18.89%-7.7pp | 29.46%-18.3pp | 35.66%-24.5pp |
| Employer contribution / active EE | $4,574 | $2,370+93.0% | $3,023+51.3% | $2,757+65.9% |
| Participant deferral / active EE | $2,503 | $4,121-39.3% | $5,055-50.5% | $4,299-41.8% |
| Admin fee / account holder | $5,563 | $8,047-30.9% | $9,462-41.2% | $6,924-19.7% |