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 | $53,256 | $72,269-26.3% | $101,271-47.4% | $79,852-33.3% |
| Participation rate | 68.3% | 68.5%-0.2pp | 75.8%-7.5pp | 69.6%-1.3pp |
| Annual return | 12.74% | 22.29%-9.6pp | 46.48%-33.7pp | 31.72%-19.0pp |
| Employer contribution / active EE | $1,729 | $2,692-35.7% | $3,660-52.7% | $2,471-30.0% |
| Participant deferral / active EE | $4,213 | $3,282+28.4% | $4,371-3.6% | $3,740+12.6% |
| Admin fee / account holder | $1,712 | $4,401-61.1% | $5,948-71.2% | $5,306-67.7% |