Filed July 22, 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 | $118,171 | $78,707+50.1% | $117,861+0.3% | $70,126+68.5% |
| Participation rate | 52.9% | 73.2%-20.3pp | 79.7%-26.7pp | 69.5%-16.6pp |
| Annual return | 23.14% | 23.30%-0.2pp | 335.11%-312.0pp | 73.15%-50.0pp |
| Employer contribution / active EE | $1,765 | $2,223-20.6% | $3,786-53.4% | $2,343-24.6% |
| Participant deferral / active EE | $3,635 | $3,297+10.2% | $4,482-18.9% | $3,332+9.1% |
| Admin fee / account holder | $1,267 | $5,066-75.0% | $8,021-84.2% | $4,645-72.7% |