Filed May 10, 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 | $58,819 | $80,731-27.1% | $103,374-43.1% | $74,546-21.1% |
| Participation rate | 53.5% | 65.7%-12.2pp | 74.5%-21.0pp | 67.2%-13.7pp |
| Annual return | 15.06% | 27.56%-12.5pp | 24.89%-9.8pp | 1366.03%-1351.0pp |
| Employer contribution / active EE | $1,792 | $3,158-43.2% | $3,869-53.7% | $2,624-31.7% |
| Participant deferral / active EE | $4,148 | $3,860+7.5% | $5,058-18.0% | $4,347-4.6% |
| Admin fee / account holder | $3,602 | $2,369+52.1% | $8,394-57.1% | $1,944+85.3% |