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 | $44,067 | $76,112-42.1% | $96,534-54.4% | $71,511-38.4% |
| Participation rate | 52.3% | 74.4%-22.1pp | 76.0%-23.7pp | 67.9%-15.6pp |
| Annual return | 23.99% | 22.81%+1.2pp | 25.88%-1.9pp | 28.86%-4.9pp |
| Employer contribution / active EE | $2,988 | $2,248+32.9% | $2,965+0.8% | $2,589+15.4% |
| Participant deferral / active EE | $5,070 | $4,217+20.2% | $4,851+4.5% | $4,291+18.2% |
| Admin fee / account holder | $4,667 | $2,708+72.3% | $8,253-43.5% | $1,588+193.8% |