Filed October 31, 2017
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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 | $2,412 | $32,117-92.5% | $71,089-96.6% | $64,173-96.2% |
| Participation rate | 38.0% | 42.7%-4.7pp | 54.6%-16.7pp | 69.6%-31.6pp |
| Annual return | 5.13% | -5.57%+10.7pp | 650.65%-645.5pp | 7.63%-2.5pp |
| Employer contribution / active EE | $84 | $712-88.1% | $1,088-92.2% | $2,381-96.5% |
| Participant deferral / active EE | $537 | $1,263-57.5% | $1,873-71.3% | $3,470-84.5% |
| Admin fee / account holder | $719 | $2,759-73.9% | $3,082-76.7% | $4,887-85.3% |