Filed October 8, 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 | $37,572 | $215,361-82.6% | $171,082-78.0% | $273,972-86.3% |
| Participation rate | 62.5% | 82.0%-19.5pp | 76.7%-14.2pp | 83.0%-20.5pp |
| Annual return | 8.94% | 25.14%-16.2pp | 32.56%-23.6pp | 41.46%-32.5pp |
| Employer contribution / active EE | $1,593 | $4,967-67.9% | $4,002-60.2% | $4,869-67.3% |
| Participant deferral / active EE | $4,243 | $5,543-23.5% | $4,797-11.6% | $5,287-19.8% |
| Admin fee / account holder | $506 | $10,846-95.3% | $8,520-94.1% | $10,133-95.0% |