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 | $69,355 | $52,279+32.7% | $89,414-22.4% | $79,852-13.1% |
| Participation rate | 55.2% | 57.5%-2.4pp | 68.0%-12.8pp | 69.6%-14.5pp |
| Annual return | 11.66% | 22.16%-10.5pp | 245.50%-233.8pp | 31.72%-20.1pp |
| Employer contribution / active EE | $1,640 | $1,572+4.4% | $2,586-36.6% | $2,471-33.6% |
| Participant deferral / active EE | $3,589 | $2,740+31.0% | $3,890-7.7% | $3,740-4.0% |
| Admin fee / account holder | $15,001 | $3,356+346.9% | $4,883+207.2% | $5,306+182.7% |