Filed January 10, 2025
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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 | $44,453 | $91,424-51.4% | $135,942-67.3% | $71,495-37.8% |
| Participation rate | 61.2% | 75.7%-14.5pp | 81.9%-20.8pp | 67.9%-6.8pp |
| Annual return | 79.83% | 29.90%+49.9pp | 68.28%+11.6pp | 28.85%+51.0pp |
| Employer contribution / active EE | $4,083 | $3,704+10.2% | $4,858-16.0% | $2,589+57.7% |
| Participant deferral / active EE | $6,400 | $7,092-9.8% | $7,759-17.5% | $4,291+49.1% |
| Admin fee / account holder | $2,928 | $1,266+131.2% | $10,764-72.8% | $1,588+84.4% |