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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $7,895 | $59,186-86.7% | $76,768-89.7% | $56,287-86.0% |
| Participation rate | 59.3% | 75.2%-15.9pp | 77.0%-17.6pp | 69.9%-10.5pp |
| Annual return | -9.84% | 6.62%-16.5pp | 2.43%-12.3pp | -9.96%+0.1pp |
| Employer contribution / active EE | $961 | $1,759-45.3% | $2,485-61.3% | $2,111-54.5% |
| Participant deferral / active EE | $1,347 | $3,255-58.6% | $3,852-65.0% | $3,350-59.8% |
| Admin fee / account holder | $640 | $489+30.8% | $6,675-90.4% | $521+22.8% |