Filed July 25, 2016
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,857 | $53,774+50.4% | $134,162-39.7% | $79,856+1.3% |
| Participation rate | 57.8% | 58.8%-1.0pp | 72.2%-14.4pp | 69.6%-11.8pp |
| Annual return | 9.50% | 19.01%-9.5pp | 36.35%-26.8pp | 31.71%-22.2pp |
| Employer contribution / active EE | $4,924 | $1,322+272.6% | $3,705+32.9% | $2,471+99.2% |
| Participant deferral / active EE | $0 | $2,420-100.0% | $3,500-100.0% | $3,741-100.0% |
| Admin fee / account holder | $2,931 | $3,985-26.4% | $6,685-56.2% | $5,306-44.8% |