Filed February 11, 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 | $73,267 | $45,152+62.3% | $73,836-0.8% | $59,633+22.9% |
| Participation rate | 67.6% | 64.0%+3.5pp | 73.4%-5.9pp | 68.7%-1.1pp |
| Annual return | -2.14% | 27.40%-29.5pp | 2268.06%-2270.2pp | 2041.45%-2043.6pp |
| Employer contribution / active EE | $1,259 | $1,901-33.8% | $2,787-54.8% | $2,203-42.8% |
| Participant deferral / active EE | $5,960 | $2,573+131.6% | $3,583+66.3% | $3,192+86.7% |
| Admin fee / account holder | $10,738 | $3,515+205.5% | $4,882+120.0% | $4,297+149.9% |