Filed May 15, 2024 (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 | $30,976 | $56,894-45.6% | $84,753-63.5% | $62,881-50.7% |
| Participation rate | 69.3% | 68.5%+0.8pp | 76.6%-7.3pp | 69.3%0pp |
| Annual return | 8.42% | 6.30%+2.1pp | 22.78%-14.4pp | 20.14%-11.7pp |
| Employer contribution / active EE | $1,736 | $2,400-27.7% | $3,574-51.4% | $2,281-23.9% |
| Participant deferral / active EE | $3,087 | $2,709+14.0% | $3,712-16.8% | $3,203-3.6% |
| Admin fee / account holder | $2,938 | $3,581-18.0% | $5,333-44.9% | $4,296-31.6% |