Filed August 16, 2019
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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.)
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 | $18,278 | $70,418-74.0% | $96,570-81.1% | $85,847-78.7% |
| Participation rate | 50.0% | 61.8%-11.8pp | 69.8%-19.8pp | 69.3%-19.3pp |
| Annual return | 11.35% | 18.59%-7.2pp | 37.79%-26.4pp | 318.61%-307.3pp |
| Employer contribution / active EE | $2,395 | $1,413+69.5% | $2,357+1.6% | $2,565-6.6% |
| Participant deferral / active EE | $2,598 | $2,894-10.2% | $3,849-32.5% | $3,952-34.3% |
| Admin fee / account holder | $1,069 | $4,995-78.6% | $6,182-82.7% | $6,261-82.9% |