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 | $67,435 | $66,302+1.7% | $110,243-38.8% | $56,289+19.8% |
| Participation rate | 66.3% | 74.9%-8.6pp | 79.8%-13.5pp | 69.9%-3.5pp |
| Annual return | -3.94% | -1.18%-2.8pp | 314.76%-318.7pp | -9.96%+6.0pp |
| Employer contribution / active EE | $780 | $2,047-61.9% | $3,827-79.6% | $2,111-63.1% |
| Participant deferral / active EE | $3,848 | $3,381+13.8% | $4,672-17.6% | $3,350+14.9% |
| Admin fee / account holder | $2,672 | $698+282.5% | $8,548-68.7% | $521+412.8% |