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 | $52,651 | $93,589-43.7% | $135,942-61.3% | $75,181-30.0% |
| Participation rate | 41.3% | 75.2%-33.9pp | 81.9%-40.6pp | 67.2%-25.9pp |
| Annual return | 17.13% | 30.90%-13.8pp | 68.28%-51.1pp | 160.69%-143.6pp |
| Employer contribution / active EE | $1,366 | $3,537-61.4% | $4,858-71.9% | $2,671-48.8% |
| Participant deferral / active EE | $4,179 | $6,405-34.8% | $7,759-46.1% | $4,126+1.3% |
| Admin fee / account holder | $1,851 | $6,977-73.5% | $10,764-82.8% | $5,650-67.2% |