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 | $14,057 | $72,465-80.6% | $67,575-79.2% | $145,884-90.4% |
| Participation rate | 16.7% | 76.9%-60.2pp | 72.9%-56.2pp | 80.3%-63.6pp |
| Annual return | 13.19% | 7222.56%-7209.4pp | 3528.98%-3515.8pp | 551.85%-538.7pp |
| Employer contribution / active EE | $1,104 | $3,074-64.1% | $2,736-59.6% | $4,662-76.3% |
| Participant deferral / active EE | $1,119 | $4,786-76.6% | $4,003-72.0% | $6,690-83.3% |
| Admin fee / account holder | $506 | $5,515-90.8% | $3,993-87.3% | $13,392-96.2% |