Filed January 23, 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 | $75,917 | $64,719+17.3% | $112,249-32.4% | $68,486+10.9% |
| Participation rate | 60.5% | 67.2%-6.6pp | 75.1%-14.5pp | 67.9%-7.4pp |
| Annual return | -17.60% | -11.40%-6.2pp | 27.48%-45.1pp | -7.85%-9.8pp |
| Employer contribution / active EE | $2,353 | $2,747-14.3% | $3,636-35.3% | $2,597-9.4% |
| Participant deferral / active EE | $6,044 | $3,565+69.5% | $4,729+27.8% | $4,028+50.1% |
| Admin fee / account holder | $9,709 | $5,232+85.6% | $6,412+51.4% | $5,404+79.7% |