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 | $73,393 | $67,602+8.6% | $82,312-10.8% | $70,126+4.7% |
| Participation rate | 65.9% | 72.8%-6.9pp | 76.9%-11.0pp | 69.5%-3.7pp |
| Annual return | 13.42% | 21.57%-8.1pp | 25.88%-12.5pp | 73.15%-59.7pp |
| Employer contribution / active EE | $2,495 | $1,755+42.1% | $2,428+2.7% | $2,343+6.5% |
| Participant deferral / active EE | $3,278 | $2,987+9.7% | $3,706-11.6% | $3,332-1.6% |
| Admin fee / account holder | $4,739 | $4,512+5.0% | $5,608-15.5% | $4,645+2.0% |