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 | $81,334-12.3% | $113,397-37.1% | $64,097+11.3% |
| Participation rate | 61.2% | 65.6%-4.5pp | 76.5%-15.3pp | 55.2%+6.0pp |
| Annual return | 20.92% | 32.50%-11.6pp | 23.20%-2.3pp | 34.64%-13.7pp |
| Employer contribution / active EE | $3,224 | $2,077+55.3% | $2,977+8.3% | $1,891+70.5% |
| Participant deferral / active EE | $5,993 | $3,795+57.9% | $5,076+18.1% | $3,080+94.6% |
| Admin fee / account holder | $4,512 | $4,208+7.2% | $11,957-62.3% | $3,454+30.6% |