Filed November 20, 2023
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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 | $27,612 | $98,776-72.0% | $149,745-81.6% | $79,856-65.4% |
| Participation rate | 53.3% | 75.8%-22.5pp | 82.5%-29.1pp | 69.6%-16.3pp |
| Annual return | 19.87% | 27.38%-7.5pp | 276.72%-256.9pp | 31.71%-11.8pp |
| Employer contribution / active EE | $1,451 | $3,217-54.9% | $4,646-68.8% | $2,471-41.3% |
| Participant deferral / active EE | $3,916 | $5,681-31.1% | $6,843-42.8% | $3,741+4.7% |
| Admin fee / account holder | $827 | $6,053-86.3% | $9,312-91.1% | $5,306-84.4% |