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 | $91,439-51.4% | $135,974-67.3% | $71,511-37.8% |
| Participation rate | 61.2% | 75.7%-14.5pp | 81.9%-20.8pp | 67.9%-6.8pp |
| Annual return | 79.83% | 29.90%+49.9pp | 68.30%+11.5pp | 28.86%+51.0pp |
| Employer contribution / active EE | $4,083 | $3,705+10.2% | $4,859-16.0% | $2,589+57.7% |
| Participant deferral / active EE | $6,400 | $7,093-9.8% | $7,760-17.5% | $4,291+49.2% |
| Admin fee / account holder | $2,928 | $1,267+131.1% | $10,767-72.8% | $1,588+84.3% |