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 | $82,977 | $60,349+37.5% | $74,184+11.9% | $62,881+32.0% |
| Participation rate | 60.9% | 72.7%-11.8pp | 76.6%-15.7pp | 69.3%-8.4pp |
| Annual return | 8.63% | 21.38%-12.7pp | 17.74%-9.1pp | 20.14%-11.5pp |
| Employer contribution / active EE | $1,150 | $1,680-31.5% | $2,370-51.5% | $2,281-49.6% |
| Participant deferral / active EE | $2,607 | $2,856-8.7% | $3,550-26.6% | $3,203-18.6% |
| Admin fee / account holder | $914 | $4,261-78.5% | $5,586-83.6% | $4,296-78.7% |