Filed December 8, 2023 (most recent of 2 filings on file)
Total covered: 2 employees
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,527 | $67,602-87.4% | $82,312-89.6% | $70,126-87.8% |
| Participation rate | 58.5% | 72.8%-14.3pp | 76.9%-18.4pp | 69.5%-11.0pp |
| Annual return | 18.52% | 21.57%-3.1pp | 25.88%-7.4pp | 73.15%-54.6pp |
| Employer contribution / active EE | $910 | $1,755-48.2% | $2,428-62.5% | $2,343-61.2% |
| Participant deferral / active EE | $1,285 | $2,987-57.0% | $3,706-65.3% | $3,332-61.4% |
| Admin fee / account holder | $523 | $4,512-88.4% | $5,608-90.7% | $4,645-88.8% |