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 | $17,458 | $65,027-73.2% | $90,970-80.8% | $79,852-78.1% |
| Participation rate | 57.3% | 61.6%-4.3pp | 69.0%-11.7pp | 69.6%-12.3pp |
| Annual return | 7.93% | 30.45%-22.5pp | 134.58%-126.7pp | 31.72%-23.8pp |
| Employer contribution / active EE | $0 | $1,247-100.0% | $2,122-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $1,724 | $2,512-31.4% | $3,373-48.9% | $3,740-53.9% |
| Admin fee / account holder | $3,272 | $4,535-27.9% | $5,960-45.1% | $5,306-38.3% |