Filed October 10, 2024
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Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,888 | $48,053-94.0% | $84,628-96.6% | $72,975-96.0% |
| Participation rate | 74.0% | 57.6%+16.4pp | 68.2%+5.8pp | 69.5%+4.5pp |
| Annual return | 27.72% | 37.39%-9.7pp | 258.80%-231.1pp | 81.01%-53.3pp |
| Employer contribution / active EE | $156 | $1,602-90.3% | $2,653-94.1% | $2,440-93.6% |
| Participant deferral / active EE | $2,052 | $2,681-23.5% | $3,900-47.4% | $3,608-43.1% |
| Admin fee / account holder | $902 | $3,395-73.4% | $4,914-81.6% | $5,124-82.4% |