Filed October 10, 2024
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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 | $6,361 | $45,872-86.1% | $77,096-91.7% | $68,486-90.7% |
| Participation rate | 79.6% | 55.9%+23.7pp | 67.9%+11.7pp | 67.9%+11.7pp |
| Annual return | -18.94% | 1.73%-20.7pp | 42.35%-61.3pp | -7.85%-11.1pp |
| Employer contribution / active EE | $0 | $1,650-100.0% | $2,814-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $1,838 | $2,963-38.0% | $4,429-58.5% | $4,028-54.4% |
| Admin fee / account holder | $1,436 | $3,041-52.8% | $5,428-73.5% | $5,404-73.4% |