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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,267 | $69,977-55.3% | $108,582-71.2% | $62,881-50.3% |
| Participation rate | 53.6% | 72.9%-19.3pp | 79.6%-26.0pp | 69.3%-15.7pp |
| Annual return | 12.03% | 10.73%+1.3pp | -51.70%+63.7pp | 20.14%-8.1pp |
| Employer contribution / active EE | $1,395 | $2,135-34.6% | $3,758-62.9% | $2,281-38.8% |
| Participant deferral / active EE | $3,517 | $3,165+11.1% | $4,311-18.4% | $3,203+9.8% |
| Admin fee / account holder | $3,120 | $5,076-38.5% | $7,645-59.2% | $4,296-27.4% |