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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $121,538 | $95,453+27.3% | $112,040+8.5% | $82,448+47.4% |
| Participation rate | 54.7% | 72.8%-18.0pp | 76.5%-21.8pp | 68.1%-13.4pp |
| Annual return | 12.18% | 23.92%-11.7pp | 24.52%-12.3pp | 41.64%-29.5pp |
| Employer contribution / active EE | $3,199 | $2,318+38.0% | $2,954+8.3% | $2,551+25.4% |
| Participant deferral / active EE | $4,738 | $4,224+12.2% | $5,098-7.0% | $4,139+14.5% |
| Admin fee / account holder | $47,690 | $9,013+429.1% | $12,098+294.2% | $7,234+559.2% |