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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,890 | $58,275-62.4% | $81,844-73.3% | $80,935-73.0% |
| Participation rate | 61.8% | 63.5%-1.7pp | 72.4%-10.6pp | 67.7%-5.9pp |
| Annual return | 14.09% | 41.82%-27.7pp | 778.87%-764.8pp | 35.66%-21.6pp |
| Employer contribution / active EE | $1,126 | $2,346-52.0% | $2,916-61.4% | $2,757-59.1% |
| Participant deferral / active EE | $3,089 | $3,285-6.0% | $4,323-28.6% | $4,299-28.2% |
| Admin fee / account holder | $3,992 | $4,749-15.9% | $7,355-45.7% | $6,924-42.3% |