Filed October 10, 2016
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $113,600 | $97,550+16.5% | $120,344-5.6% | $87,485+29.9% |
| Participation rate | 33.3% | 72.8%-39.5pp | 76.7%-43.4pp | 68.9%-35.6pp |
| Annual return | 13.10% | 18.41%-5.3pp | 20.30%-7.2pp | 26.06%-13.0pp |
| Employer contribution / active EE | $608 | $2,291-73.5% | $3,020-79.9% | $2,596-76.6% |
| Participant deferral / active EE | $2,284 | $4,230-46.0% | $5,135-55.5% | $4,274-46.6% |
| Admin fee / account holder | $4,406 | $9,543-53.8% | $12,742-65.4% | $7,775-43.3% |