Filed April 8, 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 | $74,732 | $102,429-27.0% | $147,096-49.2% | $80,925-7.7% |
| Participation rate | 61.4% | 75.9%-14.4pp | 82.2%-20.7pp | 67.7%-6.2pp |
| Annual return | 13.48% | 135.02%-121.5pp | 419.75%-406.3pp | 35.65%-22.2pp |
| Employer contribution / active EE | $1,536 | $3,716-58.7% | $4,936-68.9% | $2,756-44.3% |
| Participant deferral / active EE | $3,425 | $6,649-48.5% | $8,071-57.6% | $4,299-20.3% |
| Admin fee / account holder | $1,021 | $7,957-87.2% | $13,005-92.2% | $6,940-85.3% |