Filed March 21, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,661 | $80,855-23.7% | $153,416-59.8% | $86,983-29.1% |
| Participation rate | 54.3% | 64.1%-9.8pp | 74.3%-20.0pp | 69.5%-15.2pp |
| Annual return | 15.64% | 16.18%-0.5pp | 17.84%-2.2pp | 25.83%-10.2pp |
| Employer contribution / active EE | $2,410 | $2,308+4.4% | $3,764-36.0% | $2,584-6.8% |
| Participant deferral / active EE | $4,327 | $3,333+29.8% | $4,723-8.4% | $4,194+3.2% |
| Admin fee / account holder | $1,541 | $6,908-77.7% | $13,095-88.2% | $7,856-80.4% |