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 | $30,976 | $84,236-63.2% | $170,435-81.8% | $70,126-55.8% |
| Participation rate | 39.1% | 70.8%-31.7pp | 83.6%-44.5pp | 69.5%-30.4pp |
| Annual return | 179.33% | 23.06%+156.3pp | 205.94%-26.6pp | 73.15%+106.2pp |
| Employer contribution / active EE | $1,433 | $3,387-57.7% | $5,432-73.6% | $2,343-38.8% |
| Participant deferral / active EE | $1,771 | $3,086-42.6% | $4,939-64.2% | $3,332-46.9% |
| Admin fee / account holder | $2,743 | $5,698-51.9% | $13,881-80.2% | $4,645-41.0% |