Filed May 25, 2016 (most recent of 2 filings on file)
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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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,474 | $41,016+27.9% | $152,093-65.5% | $64,097-18.1% |
| Participation rate | 25.5% | 51.3%-25.9pp | 77.8%-52.3pp | 55.2%-29.7pp |
| Annual return | 9.90% | 39.60%-29.7pp | 66.36%-56.5pp | 34.64%-24.7pp |
| Employer contribution / active EE | $0 | $1,342-100.0% | $4,175-100.0% | $1,891-100.0% |
| Participant deferral / active EE | $1,024 | $1,927-46.9% | $5,451-81.2% | $3,080-66.7% |
| Admin fee / account holder | $13,525 | $2,305+486.7% | $14,497-6.7% | $3,454+291.5% |