Filed March 18, 2019
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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 | $62,498 | $57,330+9.0% | $86,656-27.9% | $75,177-16.9% |
| Participation rate | 67.1% | 63.2%+3.9pp | 71.7%-4.6pp | 67.2%-0.1pp |
| Annual return | 18.74% | 2675.40%-2656.7pp | 593.09%-574.3pp | 160.75%-142.0pp |
| Employer contribution / active EE | $2,816 | $2,316+21.6% | $3,025-6.9% | $2,671+5.4% |
| Participant deferral / active EE | $4,054 | $3,320+22.1% | $4,439-8.7% | $4,126-1.8% |
| Admin fee / account holder | $1,006 | $4,115-75.5% | $5,619-82.1% | $5,651-82.2% |