Filed April 9, 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 | $53,407 | $51,736+3.2% | $120,225-55.6% | $67,986-21.4% |
| Participation rate | 54.9% | 46.1%+8.8pp | 69.6%-14.7pp | 57.2%-2.3pp |
| Annual return | 16.03% | 31.98%-15.9pp | 439.23%-423.2pp | 31.67%-15.6pp |
| Employer contribution / active EE | $1,607 | $1,071+49.9% | $3,475-53.8% | $2,019-20.4% |
| Participant deferral / active EE | $2,772 | $2,206+25.7% | $3,999-30.7% | $3,358-17.5% |
| Admin fee / account holder | $5,075 | $4,159+22.0% | $5,696-10.9% | $3,203+58.4% |