Filed August 26, 2024 (most recent of 2 filings on file)
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Employer 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,487 | $138,385-66.4% | $184,200-74.8% | $80,874-42.5% |
| Participation rate | 97.3% | 83.9%+13.4pp | 86.8%+10.5pp | 67.6%+29.7pp |
| Annual return | 11.94% | 20.02%-8.1pp | 28.80%-16.9pp | 35.62%-23.7pp |
| Employer contribution / active EE | $1,330 | $4,849-72.6% | $6,424-79.3% | $2,756-51.7% |
| Participant deferral / active EE | $5,432 | $7,073-23.2% | $9,132-40.5% | $4,297+26.4% |
| Admin fee / account holder | $2,488 | $10,483-76.3% | $13,907-82.1% | $6,935-64.1% |