Filed September 15, 2015
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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 | $69,455 | $56,894+22.1% | $84,753-18.1% | $62,881+10.5% |
| Participation rate | 64.7% | 68.5%-3.8pp | 76.6%-11.9pp | 69.3%-4.6pp |
| Annual return | 18.94% | 6.30%+12.6pp | 22.78%-3.8pp | 20.14%-1.2pp |
| Employer contribution / active EE | $2,325 | $2,400-3.1% | $3,574-35.0% | $2,281+1.9% |
| Participant deferral / active EE | $4,595 | $2,709+69.6% | $3,712+23.8% | $3,203+43.4% |
| Admin fee / account holder | $1,071 | $3,581-70.1% | $5,333-79.9% | $4,296-75.1% |