Filed January 3, 2018
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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 | $20,396 | $76,551-73.4% | $123,894-83.5% | $62,881-67.6% |
| Participation rate | 53.2% | 73.0%-19.7pp | 81.4%-28.2pp | 69.3%-16.1pp |
| Annual return | -0.21% | 18.68%-18.9pp | 47.52%-47.7pp | 20.14%-20.4pp |
| Employer contribution / active EE | $0 | $2,882-100.0% | $4,617-100.0% | $2,281-100.0% |
| Participant deferral / active EE | $2,081 | $4,840-57.0% | $5,984-65.2% | $3,203-35.0% |
| Admin fee / account holder | $1,205 | $4,826-75.0% | $8,357-85.6% | $4,296-71.9% |