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 | $57,119-7.5% | $85,187-38.0% | $80,935-34.7% |
| Participation rate | 59.0% | 56.4%+2.6pp | 67.5%-8.5pp | 67.7%-8.6pp |
| Annual return | 12.70% | 21.70%-9.0pp | 66.67%-54.0pp | 35.66%-23.0pp |
| Employer contribution / active EE | $2,061 | $1,802+14.4% | $2,732-24.6% | $2,757-25.2% |
| Participant deferral / active EE | $4,482 | $3,115+43.9% | $4,525-1.0% | $4,299+4.2% |
| Admin fee / account holder | $994 | $4,990-80.1% | $6,162-83.9% | $6,924-85.6% |