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 | $97,577 | $78,423+24.4% | $95,964+1.7% | $79,856+22.2% |
| Participation rate | 60.4% | 73.5%-13.1pp | 77.1%-16.7pp | 69.6%-9.3pp |
| Annual return | 14.12% | 19.37%-5.3pp | 91.64%-77.5pp | 31.71%-17.6pp |
| Employer contribution / active EE | $2,759 | $1,945+41.8% | $2,541+8.6% | $2,471+11.6% |
| Participant deferral / active EE | $4,186 | $3,440+21.7% | $4,167+0.5% | $3,741+11.9% |
| Admin fee / account holder | $3,733 | $5,622-33.6% | $6,797-45.1% | $5,306-29.6% |