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 | $77,877 | $85,766-9.2% | $136,298-42.9% | $70,126+11.1% |
| Participation rate | 60.4% | 74.2%-13.8pp | 81.9%-21.5pp | 69.5%-9.2pp |
| Annual return | 20.96% | 31.46%-10.5pp | 5156.27%-5135.3pp | 73.15%-52.2pp |
| Employer contribution / active EE | $1,970 | $2,966-33.6% | $4,696-58.1% | $2,343-15.9% |
| Participant deferral / active EE | $5,599 | $5,051+10.8% | $6,247-10.4% | $3,332+68.1% |
| Admin fee / account holder | $3,774 | $5,421-30.4% | $9,244-59.2% | $4,645-18.8% |