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 | $122,886 | $80,983+51.7% | $96,544+27.3% | $75,177+63.5% |
| Participation rate | 53.7% | 71.8%-18.1pp | 76.0%-22.3pp | 67.2%-13.5pp |
| Annual return | 16.78% | 27.05%-10.3pp | 25.88%-9.1pp | 160.75%-144.0pp |
| Employer contribution / active EE | $3,572 | $2,282+56.5% | $2,966+20.4% | $2,671+33.7% |
| Participant deferral / active EE | $5,460 | $3,929+39.0% | $4,851+12.6% | $4,126+32.3% |
| Admin fee / account holder | $16,020 | $6,717+138.5% | $8,254+94.1% | $5,651+183.5% |