Filed December 5, 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 | $21,990 | $77,638-71.7% | $156,551-86.0% | $62,881-65.0% |
| Participation rate | 41.9% | 71.2%-29.3pp | 84.0%-42.2pp | 69.3%-27.4pp |
| Annual return | 5.65% | 50.33%-44.7pp | 32.23%-26.6pp | 20.14%-14.5pp |
| Employer contribution / active EE | $793 | $3,444-77.0% | $5,501-85.6% | $2,281-65.2% |
| Participant deferral / active EE | $1,308 | $3,046-57.1% | $4,871-73.2% | $3,203-59.2% |
| Admin fee / account holder | $1,202 | $5,561-78.4% | $13,028-90.8% | $4,296-72.0% |