Filed December 6, 2018
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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 | $67,001 | $110,410-39.3% | $102,437-34.6% | $145,897-54.1% |
| Participation rate | 50.0% | 77.9%-27.9pp | 74.5%-24.5pp | 80.3%-30.3pp |
| Annual return | 19.32% | 24.85%-5.5pp | 24.95%-5.6pp | 552.29%-533.0pp |
| Employer contribution / active EE | $2,805 | $4,217-33.5% | $3,871-27.5% | $4,663-39.8% |
| Participant deferral / active EE | $5,138 | $5,622-8.6% | $5,060+1.5% | $6,689-23.2% |
| Admin fee / account holder | $26,776 | $9,745+174.8% | $8,388+219.2% | $13,390+100.0% |