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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,131 | $46,689+75.9% | $117,498-30.1% | $68,495+19.9% |
| Participation rate | 24.6% | 56.8%-32.2pp | 70.6%-46.0pp | 67.9%-43.3pp |
| Annual return | -19.43% | -14.52%-4.9pp | 29.75%-49.2pp | -7.84%-11.6pp |
| Employer contribution / active EE | $780 | $1,505-48.2% | $4,178-81.3% | $2,596-70.0% |
| Participant deferral / active EE | $1,336 | $2,637-49.3% | $4,071-67.2% | $4,028-66.8% |
| Admin fee / account holder | $935 | $4,021-76.8% | $5,646-83.4% | $5,403-82.7% |