Filed October 3, 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 | $52,812 | $57,061-7.4% | $85,063-37.9% | $80,911-34.7% |
| Participation rate | 59.0% | 56.3%+2.7pp | 67.5%-8.5pp | 67.6%-8.6pp |
| Annual return | 12.70% | 21.66%-9.0pp | 66.54%-53.8pp | 35.63%-22.9pp |
| Employer contribution / active EE | $2,061 | $1,799+14.6% | $2,727-24.4% | $2,756-25.2% |
| Participant deferral / active EE | $4,482 | $3,110+44.1% | $4,523-0.9% | $4,297+4.3% |
| Admin fee / account holder | $994 | $4,986-80.1% | $6,155-83.9% | $6,935-85.7% |