Filed March 7, 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 | $164,084 | $275,752-40.5% | $256,809-36.1% | $198,609-17.4% |
| Participation rate | 47.1% | 89.2%-42.1pp | 88.5%-41.5pp | 82.4%-35.3pp |
| Annual return | 21.78% | 34.81%-13.0pp | 32.73%-10.9pp | 202.70%-180.9pp |
| Employer contribution / active EE | $2,366 | $7,721-69.4% | $7,263-67.4% | $5,055-53.2% |
| Participant deferral / active EE | $7,367 | $10,037-26.6% | $9,520-22.6% | $6,977+5.6% |
| Admin fee / account holder | $684 | $25,716-97.3% | $25,146-97.3% | $19,030-96.4% |