Filed October 15, 2024
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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 | $71,347 | $79,867-10.7% | $120,344-40.7% | $64,340+10.9% |
| Participation rate | 61.2% | 63.0%-1.8pp | 76.7%-15.6pp | 55.2%+5.9pp |
| Annual return | 20.92% | 21.10%-0.2pp | 20.30%+0.6pp | 24.14%-3.2pp |
| Employer contribution / active EE | $3,224 | $1,925+67.5% | $3,020+6.8% | $1,862+73.2% |
| Participant deferral / active EE | $5,993 | $3,593+66.8% | $5,135+16.7% | $2,980+101.1% |
| Admin fee / account holder | $4,512 | $5,039-10.5% | $12,742-64.6% | $3,703+21.9% |