Filed December 21, 2023
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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.)
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,778 | $162,529-88.4% | $130,788-85.6% | $154,746-87.9% |
| Participation rate | 53.3% | 75.9%-22.5pp | 70.1%-16.8pp | 80.7%-27.4pp |
| Annual return | 14.71% | 510.48%-495.8pp | 386.44%-371.7pp | 172.34%-157.6pp |
| Employer contribution / active EE | $0 | $4,447-100.0% | $3,558-100.0% | $4,379-100.0% |
| Participant deferral / active EE | $0 | $4,808-100.0% | $4,137-100.0% | $6,730-100.0% |
| Admin fee / account holder | $4,662 | $7,669-39.2% | $6,673-30.1% | $14,365-67.5% |