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 | $67,254 | $102,429-34.3% | $147,096-54.3% | $80,925-16.9% |
| Participation rate | 48.8% | 75.9%-27.1pp | 82.2%-33.4pp | 67.7%-18.9pp |
| Annual return | 12.26% | 135.02%-122.8pp | 419.75%-407.5pp | 35.65%-23.4pp |
| Employer contribution / active EE | $1,625 | $3,716-56.3% | $4,936-67.1% | $2,756-41.0% |
| Participant deferral / active EE | $5,064 | $6,649-23.8% | $8,071-37.3% | $4,299+17.8% |
| Admin fee / account holder | $7,034 | $7,957-11.6% | $13,005-45.9% | $6,940+1.4% |