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 | $134,615 | $201,264-33.1% | $184,185-26.9% | $145,978-7.8% |
| Participation rate | 53.8% | 87.5%-33.7pp | 86.8%-33.0pp | 80.3%-26.4pp |
| Annual return | 17.54% | 29.00%-11.5pp | 28.81%-11.3pp | 550.52%-533.0pp |
| Employer contribution / active EE | $2,124 | $7,021-69.7% | $6,426-66.9% | $4,662-54.4% |
| Participant deferral / active EE | $8,994 | $9,806-8.3% | $9,132-1.5% | $6,690+34.5% |
| Admin fee / account holder | $564 | $16,376-96.6% | $13,909-95.9% | $13,400-95.8% |