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 | $112,951 | $91,559+23.4% | $133,971-15.7% | $79,852+41.5% |
| Participation rate | 43.5% | 73.3%-29.9pp | 79.8%-36.4pp | 69.6%-26.2pp |
| Annual return | 12.64% | 61.85%-49.2pp | 45.09%-32.5pp | 31.72%-19.1pp |
| Employer contribution / active EE | $1,369 | $2,384-42.6% | $3,919-65.1% | $2,471-44.6% |
| Participant deferral / active EE | $3,205 | $3,734-14.2% | $5,047-36.5% | $3,740-14.3% |
| Admin fee / account holder | $17,210 | $6,321+172.3% | $8,929+92.7% | $5,306+224.3% |