Filed October 19, 2023 (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 | $71,152 | $76,551-7.1% | $123,894-42.6% | $62,881+13.2% |
| Participation rate | 45.5% | 73.0%-27.5pp | 81.4%-36.0pp | 69.3%-23.9pp |
| Annual return | 17.21% | 18.68%-1.5pp | 47.52%-30.3pp | 20.14%-2.9pp |
| Employer contribution / active EE | $1,645 | $2,882-42.9% | $4,617-64.4% | $2,281-27.9% |
| Participant deferral / active EE | $5,480 | $4,840+13.2% | $5,984-8.4% | $3,203+71.1% |
| Admin fee / account holder | $4,304 | $4,826-10.8% | $8,357-48.5% | $4,296+0.2% |