Filed October 28, 2016
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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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,874 | $94,529-68.4% | $140,019-78.7% | $64,173-53.4% |
| Participation rate | 41.7% | 84.1%-42.4pp | 87.5%-45.8pp | 69.6%-27.9pp |
| Annual return | -6.25% | 7.77%-14.0pp | 651.15%-657.4pp | 7.63%-13.9pp |
| Employer contribution / active EE | $0 | $3,812-100.0% | $5,605-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $2,452 | $5,250-53.3% | $6,927-64.6% | $3,470-29.3% |
| Admin fee / account holder | $2,977 | $6,741-55.8% | $10,705-72.2% | $4,887-39.1% |