Filed September 16, 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 | $128,137 | $87,225+46.9% | $158,226-19.0% | $94,015+36.3% |
| Participation rate | 66.2% | 67.9%-1.8pp | 74.8%-8.7pp | 70.8%-4.6pp |
| Annual return | 14.52% | 16.34%-1.8pp | 501.41%-486.9pp | 17.84%-3.3pp |
| Employer contribution / active EE | $1,123 | $2,217-49.3% | $2,986-62.4% | $2,790-59.7% |
| Participant deferral / active EE | $5,400 | $3,405+58.6% | $4,317+25.1% | $4,249+27.1% |
| Admin fee / account holder | $18,827 | $7,888+138.7% | $10,217+84.3% | $8,951+110.3% |