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 | $55,883 | $46,877+19.2% | $122,354-54.3% | $70,126-20.3% |
| Participation rate | 56.3% | 58.2%-2.0pp | 71.6%-15.4pp | 69.5%-13.3pp |
| Annual return | 14.24% | 24.22%-10.0pp | 30.28%-16.0pp | 73.15%-58.9pp |
| Employer contribution / active EE | $1,287 | $1,288-0.1% | $4,051-68.2% | $2,343-45.1% |
| Participant deferral / active EE | $2,950 | $2,167+36.1% | $3,287-10.3% | $3,332-11.5% |
| Admin fee / account holder | $21,161 | $3,324+536.7% | $5,479+286.2% | $4,645+355.5% |