Filed December 20, 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,927 | $39,132-77.2% | $57,196-84.4% | $62,881-85.8% |
| Participation rate | 41.8% | 70.5%-28.7pp | 75.3%-33.6pp | 69.3%-27.5pp |
| Annual return | 9.79% | 9.24%+0.6pp | 14.59%-4.8pp | 20.14%-10.4pp |
| Employer contribution / active EE | $0 | $1,874-100.0% | $2,683-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $1,703 | $2,374-28.3% | $3,096-45.0% | $3,203-46.8% |
| Admin fee / account holder | $1,181 | $2,594-54.5% | $3,141-62.4% | $4,296-72.5% |