Filed August 30, 2018
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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 | $56,126 | $102,422-45.2% | $147,117-61.8% | $80,959-30.7% |
| Participation rate | 38.9% | 75.9%-37.0pp | 82.2%-43.3pp | 67.7%-28.8pp |
| Annual return | 12.33% | 135.16%-122.8pp | 420.54%-408.2pp | 35.67%-23.3pp |
| Employer contribution / active EE | $0 | $3,717-100.0% | $4,932-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $5,326 | $6,652-19.9% | $8,065-34.0% | $4,300+23.9% |
| Admin fee / account holder | $5,350 | $7,953-32.7% | $12,993-58.8% | $6,925-22.8% |