Filed November 12, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,193 | $69,590-62.4% | $136,867-80.9% | $94,015-72.1% |
| Participation rate | 50.0% | 66.3%-16.3pp | 74.5%-24.5pp | 70.8%-20.8pp |
| Annual return | 5.82% | 19.62%-13.8pp | 42.97%-37.2pp | 17.84%-12.0pp |
| Employer contribution / active EE | $835 | $2,396-65.2% | $3,547-76.5% | $2,790-70.1% |
| Participant deferral / active EE | $1,578 | $3,437-54.1% | $4,924-68.0% | $4,249-62.9% |
| Admin fee / account holder | $1,416 | $8,912-84.1% | $10,340-86.3% | $8,951-84.2% |