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 | $91,873 | $129,737-29.2% | $119,126-22.9% | $154,746-40.6% |
| Participation rate | 29.4% | 78.9%-49.4pp | 75.8%-46.3pp | 80.7%-51.3pp |
| Annual return | 16.03% | 379.08%-363.1pp | 282.11%-266.1pp | 172.34%-156.3pp |
| Employer contribution / active EE | $1,798 | $4,375-58.9% | $4,034-55.4% | $4,379-59.0% |
| Participant deferral / active EE | $3,435 | $5,842-41.2% | $5,318-35.4% | $6,730-49.0% |
| Admin fee / account holder | $10,636 | $11,961-11.1% | $10,693-0.5% | $14,365-26.0% |