Filed May 31, 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.)
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 | $19,588 | $72,177-72.9% | $115,037-83.0% | $59,633-67.2% |
| Participation rate | 64.2% | 72.6%-8.4pp | 81.4%-17.2pp | 68.7%-4.5pp |
| Annual return | -3.42% | 12.02%-15.4pp | 26.14%-29.6pp | 2041.40%-2044.8pp |
| Employer contribution / active EE | $1,964 | $2,841-30.9% | $4,608-57.4% | $2,203-10.8% |
| Participant deferral / active EE | $6,441 | $4,783+34.7% | $6,026+6.9% | $3,192+101.8% |
| Admin fee / account holder | $2,785 | $4,927-43.5% | $8,175-65.9% | $4,297-35.2% |