Filed April 9, 2018 (most recent of 2 filings on file)
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $17,551 | $54,541-67.8% | $78,778-77.7% | $70,126-75.0% |
| Participation rate | 59.2% | 60.8%-1.6pp | 69.2%-10.0pp | 69.5%-10.3pp |
| Annual return | 10.35% | 21.07%-10.7pp | 35.62%-25.3pp | 73.15%-62.8pp |
| Employer contribution / active EE | $0 | $1,089-100.0% | $1,986-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $1,726 | $2,210-21.9% | $2,958-41.7% | $3,332-48.2% |
| Admin fee / account holder | $1,212 | $3,709-67.3% | $5,134-76.4% | $4,645-73.9% |