Filed February 12, 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 | $85,626 | $51,638+65.8% | $129,406-33.8% | $80,959+5.8% |
| Participation rate | 51.5% | 56.9%-5.4pp | 69.6%-18.1pp | 67.7%-16.2pp |
| Annual return | 14.04% | 20.78%-6.7pp | 9468.18%-9454.1pp | 35.67%-21.6pp |
| Employer contribution / active EE | $0 | $1,584-100.0% | $4,155-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $3,630 | $2,670+35.9% | $4,167-12.9% | $4,300-15.6% |
| Admin fee / account holder | $10,125 | $4,313+134.7% | $7,689+31.7% | $6,925+46.2% |