Filed August 9, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,661 | $106,749-16.0% | $145,433-38.3% | $82,448+8.7% |
| Participation rate | 67.6% | 75.6%-8.0pp | 82.1%-14.5pp | 68.1%-0.4pp |
| Annual return | 12.41% | 27.59%-15.2pp | 66.58%-54.2pp | 41.64%-29.2pp |
| Employer contribution / active EE | $6,592 | $3,444+91.4% | $4,554+44.7% | $2,551+158.4% |
| Participant deferral / active EE | $7,502 | $6,519+15.1% | $7,897-5.0% | $4,139+81.2% |
| Admin fee / account holder | $18,468 | $8,390+120.1% | $13,129+40.7% | $7,234+155.3% |