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 | $55,361 | $208,526-73.5% | $96,538-42.7% | - |
| Participation rate | 56.6% | 66.0%-9.4pp | 74.3%-17.8pp | - |
| Annual return | 21.48% | 18.23%+3.3pp | 35.74%-14.3pp | - |
| Employer contribution / active EE | $4,110 | $2,182+88.3% | $3,740+9.9% | - |
| Participant deferral / active EE | $3,596 | $4,056-11.3% | $4,880-26.3% | - |
| Admin fee / account holder | $1,966 | $13,060-84.9% | $6,737-70.8% | - |