Filed September 1, 2023 (most recent of 2 filings on file)
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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 | $94,850 | $51,638+83.7% | $129,406-26.7% | $80,959+17.2% |
| Participation rate | 39.5% | 56.9%-17.5pp | 69.6%-30.2pp | 67.7%-28.2pp |
| Annual return | 13.19% | 20.78%-7.6pp | 9468.18%-9455.0pp | 35.67%-22.5pp |
| Employer contribution / active EE | $1,399 | $1,584-11.6% | $4,155-66.3% | $2,757-49.2% |
| Participant deferral / active EE | $2,966 | $2,670+11.1% | $4,167-28.8% | $4,300-31.0% |
| Admin fee / account holder | $14,656 | $4,313+239.8% | $7,689+90.6% | $6,925+111.6% |