Filed January 22, 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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $322,583 | $76,407+322.2% | $150,298+114.6% | $82,448+291.3% |
| Participation rate | 38.6% | 66.4%-27.8pp | 77.8%-39.1pp | 68.1%-29.4pp |
| Annual return | 18.00% | 39.99%-22.0pp | 62.79%-44.8pp | 41.64%-23.6pp |
| Employer contribution / active EE | $2,083 | $2,614-20.3% | $4,154-49.9% | $2,551-18.3% |
| Participant deferral / active EE | $5,577 | $3,214+73.5% | $5,453+2.3% | $4,139+34.7% |
| Admin fee / account holder | $3,742 | $6,352-41.1% | $14,116-73.5% | $7,234-48.3% |