Filed February 7, 2024
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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 | $44,624 | $82,028-45.6% | $123,105-63.8% | $59,633-25.2% |
| Participation rate | 64.7% | 83.2%-18.5pp | 86.8%-22.1pp | 68.7%-4.0pp |
| Annual return | 10.70% | 5.12%+5.6pp | 13.22%-2.5pp | 2041.45%-2030.8pp |
| Employer contribution / active EE | $1,547 | $3,297-53.1% | $5,151-70.0% | $2,203-29.8% |
| Participant deferral / active EE | $2,765 | $4,667-40.7% | $6,229-55.6% | $3,192-13.4% |
| Admin fee / account holder | $6,561 | $5,879+11.6% | $9,014-27.2% | $4,297+52.7% |