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.)
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 | $16,499 | $50,947-67.6% | $74,549-77.9% | $64,173-74.3% |
| Participation rate | 61.1% | 61.1%+0.1pp | 69.1%-8.0pp | 69.6%-8.5pp |
| Annual return | -6.35% | -1.85%-4.5pp | 32.53%-38.9pp | 7.63%-14.0pp |
| Employer contribution / active EE | $0 | $1,115-100.0% | $1,961-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $1,674 | $2,302-27.2% | $3,108-46.1% | $3,470-51.7% |
| Admin fee / account holder | $1,358 | $4,221-67.8% | $5,059-73.1% | $4,887-72.2% |