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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,006 | $53,128-41.6% | $86,582-64.2% | $70,126-55.8% |
| Participation rate | 32.1% | 65.3%-33.2pp | 73.5%-41.4pp | 69.5%-37.4pp |
| Annual return | 8.70% | 27.66%-19.0pp | 965.08%-956.4pp | 73.15%-64.4pp |
| Employer contribution / active EE | $671 | $2,068-67.6% | $2,839-76.4% | $2,343-71.4% |
| Participant deferral / active EE | $1,298 | $2,695-51.8% | $3,609-64.0% | $3,332-61.0% |
| Admin fee / account holder | $2,195 | $3,584-38.8% | $4,904-55.2% | $4,645-52.7% |