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 | $63,418 | $77,817-18.5% | $123,553-48.7% | $64,173-1.2% |
| Participation rate | 50.6% | 74.7%-24.1pp | 82.3%-31.6pp | 69.6%-18.9pp |
| Annual return | -3.27% | 12.49%-15.8pp | 119.21%-122.5pp | 7.63%-10.9pp |
| Employer contribution / active EE | $1,331 | $3,014-55.8% | $4,628-71.2% | $2,381-44.1% |
| Participant deferral / active EE | $3,129 | $5,240-40.3% | $6,426-51.3% | $3,470-9.8% |
| Admin fee / account holder | $2,183 | $5,519-60.4% | $9,284-76.5% | $4,887-55.3% |