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 | $62,226 | $123,793-49.7% | $177,840-65.0% | $79,852-22.1% |
| Participation rate | 67.5% | 84.7%-17.2pp | 87.7%-20.2pp | 69.6%-2.1pp |
| Annual return | 14.83% | 22.82%-8.0pp | 48.32%-33.5pp | 31.72%-16.9pp |
| Employer contribution / active EE | $1,727 | $4,095-57.8% | $5,919-70.8% | $2,471-30.1% |
| Participant deferral / active EE | $2,970 | $5,956-50.1% | $7,714-61.5% | $3,740-20.6% |
| Admin fee / account holder | $4,230 | $7,243-41.6% | $12,431-66.0% | $5,306-20.3% |