Filed January 10, 2025
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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 | $58,019 | $43,075+34.7% | $74,577-22.2% | $62,881-7.7% |
| Participation rate | 69.0% | 58.1%+10.9pp | 68.1%+0.9pp | 69.3%-0.3pp |
| Annual return | 7.24% | 17.50%-10.3pp | 20.47%-13.2pp | 20.14%-12.9pp |
| Employer contribution / active EE | $1,865 | $1,498+24.5% | $2,525-26.2% | $2,281-18.2% |
| Participant deferral / active EE | $6,105 | $2,389+155.5% | $3,458+76.5% | $3,203+90.6% |
| Admin fee / account holder | $1,827 | $2,840-35.7% | $4,138-55.8% | $4,296-57.5% |