Filed February 19, 2024 (most recent of 3 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 | $23,093 | $56,484-59.1% | $169,452-86.4% | $64,173-64.0% |
| Participation rate | 32.6% | 64.5%-32.0pp | 77.8%-45.2pp | 69.6%-37.0pp |
| Annual return | -7.98% | -1.55%-6.4pp | 1.83%-9.8pp | 7.63%-15.6pp |
| Employer contribution / active EE | $403 | $1,832-78.0% | $4,157-90.3% | $2,381-83.1% |
| Participant deferral / active EE | $1,501 | $3,448-56.5% | $5,277-71.6% | $3,470-56.7% |
| Admin fee / account holder | $1,098 | $4,174-73.7% | $9,110-87.9% | $4,887-77.5% |