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 | $59,633 | $41,377+44.1% | $109,313-45.4% | $62,881-5.2% |
| Participation rate | 59.3% | 57.5%+1.7pp | 71.3%-12.0pp | 69.3%-10.0pp |
| Annual return | 8.64% | 11.05%-2.4pp | 22.07%-13.4pp | 20.14%-11.5pp |
| Employer contribution / active EE | $1,612 | $1,276+26.3% | $3,892-58.6% | $2,281-29.3% |
| Participant deferral / active EE | $3,429 | $2,045+67.7% | $3,166+8.3% | $3,203+7.1% |
| Admin fee / account holder | $5,669 | $2,884+96.6% | $5,666+0.1% | $4,296+32.0% |