Filed January 23, 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 | $16,185 | $76,368-78.8% | $67,681-76.1% | $154,746-89.5% |
| Participation rate | 20.0% | 79.0%-59.0pp | 73.7%-53.7pp | 80.7%-60.7pp |
| Annual return | 9.83% | 1066.77%-1056.9pp | 590.58%-580.7pp | 172.34%-162.5pp |
| Employer contribution / active EE | $1,397 | $3,151-55.7% | $2,678-47.8% | $4,379-68.1% |
| Participant deferral / active EE | $1,439 | $4,824-70.2% | $3,976-63.8% | $6,730-78.6% |
| Admin fee / account holder | $1,619 | $8,559-81.1% | $6,100-73.5% | $14,365-88.7% |