Filed September 11, 2023 (most recent of 2 filings on file)
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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 | $29,624 | $48,078-38.4% | $78,676-62.3% | $62,881-52.9% |
| Participation rate | 55.9% | 65.2%-9.3pp | 73.6%-17.7pp | 69.3%-13.4pp |
| Annual return | 4.73% | 31.36%-26.6pp | 62.19%-57.5pp | 20.14%-15.4pp |
| Employer contribution / active EE | $1,468 | $2,015-27.1% | $2,850-48.5% | $2,281-35.6% |
| Participant deferral / active EE | $2,549 | $2,587-1.5% | $3,517-27.5% | $3,203-20.4% |
| Admin fee / account holder | $3,857 | $3,206+20.3% | $4,510-14.5% | $4,296-10.2% |