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 | $115,225-55.7% | $100,712-49.3% | $138,895-63.3% |
| Participation rate | 68.4% | 74.3%-5.9pp | 69.3%-0.9pp | 79.9%-11.5pp |
| Annual return | 14.81% | 40.35%-25.5pp | 33.27%-18.5pp | 145.39%-130.6pp |
| Employer contribution / active EE | $774 | $2,771-72.1% | $2,313-66.5% | $4,194-81.6% |
| Participant deferral / active EE | $5,527 | $4,699+17.6% | $4,085+35.3% | $6,396-13.6% |
| Admin fee / account holder | $1,039 | $10,844-90.4% | $9,256-88.8% | $12,562-91.7% |