Filed August 22, 2016 (most recent of 9 filings on file)
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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,163 | $65,704-57.1% | $94,229-70.1% | $59,633-52.8% |
| Participation rate | 43.3% | 72.1%-28.8pp | 78.8%-35.4pp | 68.7%-25.3pp |
| Annual return | -3.18% | 5.22%-8.4pp | 10.68%-13.9pp | 2041.47%-2044.6pp |
| Employer contribution / active EE | $1,129 | $2,021-44.2% | $3,587-68.5% | $2,203-48.8% |
| Participant deferral / active EE | $2,545 | $3,143-19.0% | $4,320-41.1% | $3,192-20.3% |
| Admin fee / account holder | $8,504 | $4,265+99.4% | $6,269+35.6% | $4,297+97.9% |