Filed December 21, 2024
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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 | $74,177 | $78,707-5.8% | $117,861-37.1% | $70,126+5.8% |
| Participation rate | 65.9% | 73.2%-7.3pp | 79.7%-13.7pp | 69.5%-3.6pp |
| Annual return | 13.69% | 23.30%-9.6pp | 335.11%-321.4pp | 73.15%-59.5pp |
| Employer contribution / active EE | $781 | $2,223-64.9% | $3,786-79.4% | $2,343-66.6% |
| Participant deferral / active EE | $3,783 | $3,297+14.7% | $4,482-15.6% | $3,332+13.5% |
| Admin fee / account holder | $11,161 | $5,066+120.3% | $8,021+39.2% | $4,645+140.3% |