Filed September 20, 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 | $45,088 | $75,541-40.3% | $152,093-70.4% | $82,637-45.4% |
| Participation rate | 55.7% | 66.5%-10.8pp | 77.8%-22.0pp | 68.1%-12.3pp |
| Annual return | 18.76% | 32.56%-13.8pp | 66.36%-47.6pp | 53.51%-34.7pp |
| Employer contribution / active EE | $2,908 | $2,622+10.9% | $4,175-30.3% | $2,552+14.0% |
| Participant deferral / active EE | $3,599 | $3,206+12.3% | $5,451-34.0% | $4,126-12.8% |
| Admin fee / account holder | $2,553 | $6,405-60.1% | $14,497-82.4% | $7,339-65.2% |