Filed April 9, 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 | $71,370 | $96,731-26.2% | $123,973-42.4% | $86,983-18.0% |
| Participation rate | 56.7% | 70.0%-13.4pp | 76.7%-20.0pp | 69.5%-12.9pp |
| Annual return | 12.09% | 17.33%-5.2pp | 388.13%-376.0pp | 25.83%-13.7pp |
| Employer contribution / active EE | $2,058 | $3,297-37.6% | $4,126-50.1% | $2,584-20.4% |
| Participant deferral / active EE | $5,055 | $4,152+21.8% | $5,247-3.6% | $4,194+20.5% |
| Admin fee / account holder | $6,121 | $8,722-29.8% | $11,799-48.1% | $7,856-22.1% |