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 | $134,281 | $71,873+86.8% | $86,698+54.9% | $68,490+96.1% |
| Participation rate | 61.5% | 72.2%-10.7pp | 76.6%-15.1pp | 67.9%-6.4pp |
| Annual return | -16.24% | 3.54%-19.8pp | 35.96%-52.2pp | -7.85%-8.4pp |
| Employer contribution / active EE | $3,044 | $2,173+40.1% | $2,837+7.3% | $2,597+17.2% |
| Participant deferral / active EE | $2,516 | $3,779-33.4% | $4,656-46.0% | $4,028-37.5% |
| Admin fee / account holder | $7,719 | $6,110+26.3% | $7,492+3.0% | $5,403+42.9% |