Filed November 12, 2024 (most recent of 2 filings on file)
Total covered: 2 employees
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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 | $226,708 | $114,712+97.6% | $173,730+30.5% | $87,485+159.1% |
| Participation rate | 66.0% | 73.0%-7.0pp | 79.6%-13.6pp | 68.9%-3.0pp |
| Annual return | 13.02% | 20.18%-7.2pp | 19.96%-6.9pp | 26.06%-13.0pp |
| Employer contribution / active EE | $1,870 | $2,904-35.6% | $4,577-59.1% | $2,596-28.0% |
| Participant deferral / active EE | $6,500 | $4,642+40.0% | $6,326+2.7% | $4,274+52.1% |
| Admin fee / account holder | $2,457 | $10,210-75.9% | $17,523-86.0% | $7,775-68.4% |