Filed April 12, 2016
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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 | $8,348 | $84,236-90.1% | $170,435-95.1% | $70,126-88.1% |
| Participation rate | 24.2% | 70.8%-46.6pp | 83.6%-59.4pp | 69.5%-45.3pp |
| Annual return | 13.99% | 23.06%-9.1pp | 205.94%-192.0pp | 73.15%-59.2pp |
| Employer contribution / active EE | $833 | $3,387-75.4% | $5,432-84.7% | $2,343-64.5% |
| Participant deferral / active EE | $1,049 | $3,086-66.0% | $4,939-78.8% | $3,332-68.5% |
| Admin fee / account holder | $3,272 | $5,698-42.6% | $13,881-76.4% | $4,645-29.6% |