Filed January 29, 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 | $112,360 | $77,358+45.2% | $102,184+10.0% | $87,485+28.4% |
| Participation rate | 50.0% | 78.7%-28.7pp | 82.6%-32.6pp | 68.9%-18.9pp |
| Annual return | 15.70% | 41.11%-25.4pp | 31.58%-15.9pp | 26.06%-10.4pp |
| Employer contribution / active EE | $241 | $2,562-90.6% | $3,594-93.3% | $2,596-90.7% |
| Participant deferral / active EE | $4,940 | $6,753-26.8% | $8,309-40.5% | $4,274+15.6% |
| Admin fee / account holder | $5,041 | $6,809-26.0% | $11,609-56.6% | $7,775-35.2% |