Filed November 19, 2024
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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 | $177,744 | $86,922+104.5% | $102,438+73.5% | $80,874+119.8% |
| Participation rate | 62.3% | 72.4%-10.1pp | 76.5%-14.2pp | 67.6%-5.3pp |
| Annual return | 13.33% | 18.90%-5.6pp | 29.37%-16.0pp | 35.62%-22.3pp |
| Employer contribution / active EE | $1,861 | $2,369-21.5% | $3,024-38.5% | $2,756-32.5% |
| Participant deferral / active EE | $4,176 | $4,119+1.4% | $5,054-17.4% | $4,297-2.8% |
| Admin fee / account holder | $3,618 | $8,050-55.1% | $9,448-61.7% | $6,935-47.8% |