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 | $124,980-59.2% | $108,359-52.9% | $154,746-67.0% |
| Participation rate | 68.4% | 75.2%-6.7pp | 70.1%-1.7pp | 80.7%-12.3pp |
| Annual return | 14.81% | 45.00%-30.2pp | 36.89%-22.1pp | 172.34%-157.5pp |
| Employer contribution / active EE | $774 | $2,851-72.9% | $2,399-67.8% | $4,379-82.3% |
| Participant deferral / active EE | $5,527 | $4,743+16.5% | $4,137+33.6% | $6,730-17.9% |
| Admin fee / account holder | $1,039 | $11,502-91.0% | $9,741-89.3% | $14,365-92.8% |