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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,870 | $82,674-42.1% | $125,381-61.8% | $68,486-30.1% |
| Participation rate | 67.6% | 75.1%-7.5pp | 82.4%-14.8pp | 67.9%-0.3pp |
| Annual return | -13.38% | -5.97%-7.4pp | 572.31%-585.7pp | -7.85%-5.5pp |
| Employer contribution / active EE | $6,313 | $3,382+86.7% | $4,815+31.1% | $2,597+143.1% |
| Participant deferral / active EE | $7,993 | $6,111+30.8% | $7,448+7.3% | $4,028+98.5% |
| Admin fee / account holder | $7,148 | $6,277+13.9% | $10,007-28.6% | $5,404+32.3% |