Filed June 17, 2024 (most recent of 2 filings on file)
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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 | $36,160 | $57,352-37.0% | $83,830-56.9% | $64,173-43.7% |
| Participation rate | 67.6% | 68.6%-1.0pp | 76.1%-8.6pp | 69.6%-2.0pp |
| Annual return | -8.58% | 11.38%-20.0pp | 850.97%-859.6pp | 7.63%-16.2pp |
| Employer contribution / active EE | $1,640 | $2,546-35.6% | $3,631-54.8% | $2,381-31.1% |
| Participant deferral / active EE | $3,621 | $2,993+21.0% | $4,082-11.3% | $3,470+4.4% |
| Admin fee / account holder | $3,143 | $4,046-22.3% | $5,479-42.6% | $4,887-35.7% |