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 | $43,651 | $101,063-56.8% | $81,473-46.4% | $147,586-70.4% |
| Participation rate | 47.6% | 74.5%-26.8pp | 68.0%-20.3pp | 82.8%-35.2pp |
| Annual return | 15.26% | 32.41%-17.1pp | 38.78%-23.5pp | 578.59%-563.3pp |
| Employer contribution / active EE | $1,237 | $3,206-61.4% | $2,568-51.8% | $4,876-74.6% |
| Participant deferral / active EE | $3,608 | $4,242-15.0% | $3,537+2.0% | $5,439-33.7% |
| Admin fee / account holder | $22,383 | $5,812+285.1% | $4,561+390.7% | $10,886+105.6% |