Filed October 26, 2023
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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 | $29,861 | $201,264-85.2% | $184,185-83.8% | $145,978-79.5% |
| Participation rate | 60.0% | 87.5%-27.5pp | 86.8%-26.8pp | 80.3%-20.3pp |
| Annual return | 10.94% | 29.00%-18.1pp | 28.81%-17.9pp | 550.52%-539.6pp |
| Employer contribution / active EE | $3,406 | $7,021-51.5% | $6,426-47.0% | $4,662-26.9% |
| Participant deferral / active EE | $14,078 | $9,806+43.6% | $9,132+54.2% | $6,690+110.4% |
| Admin fee / account holder | $47,154 | $16,376+187.9% | $13,909+239.0% | $13,400+251.9% |