Filed November 30, 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 | $136,007 | $86,949+56.4% | $102,460+32.7% | $80,959+68.0% |
| Participation rate | 59.6% | 72.4%-12.8pp | 76.5%-16.9pp | 67.7%-8.1pp |
| Annual return | 11.75% | 18.89%-7.1pp | 29.47%-17.7pp | 35.67%-23.9pp |
| Employer contribution / active EE | $3,743 | $2,370+57.9% | $3,025+23.7% | $2,757+35.8% |
| Participant deferral / active EE | $5,832 | $4,121+41.5% | $5,056+15.3% | $4,300+35.6% |
| Admin fee / account holder | $8,603 | $8,048+6.9% | $9,460-9.1% | $6,925+24.2% |