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 | $81,403-24.3% | $147,027-58.1% | $87,485-29.5% |
| Participation rate | 54.3% | 63.4%-9.1pp | 73.7%-19.4pp | 68.9%-14.6pp |
| Annual return | 15.64% | 16.51%-0.9pp | 20.23%-4.6pp | 26.06%-10.4pp |
| Employer contribution / active EE | $2,410 | $2,205+9.3% | $3,626-33.5% | $2,596-7.2% |
| Participant deferral / active EE | $4,327 | $3,315+30.5% | $4,933-12.3% | $4,274+1.3% |
| Admin fee / account holder | $1,541 | $6,755-77.2% | $12,223-87.4% | $7,775-80.2% |