Filed August 7, 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 | $51,020 | $156,616-67.4% | $133,346-61.7% | $198,609-74.3% |
| Participation rate | 68.4% | 77.7%-9.3pp | 72.8%-4.4pp | 82.4%-14.0pp |
| Annual return | 14.81% | 44.25%-29.4pp | 36.85%-22.0pp | 202.70%-187.9pp |
| Employer contribution / active EE | $774 | $3,368-77.0% | $2,853-72.9% | $5,055-84.7% |
| Participant deferral / active EE | $5,527 | $4,920+12.3% | $4,332+27.6% | $6,977-20.8% |
| Admin fee / account holder | $1,039 | $17,468-94.1% | $14,264-92.7% | $19,030-94.5% |