Filed November 21, 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 | $20,565 | $81,358-74.7% | $155,556-86.8% | $80,959-74.6% |
| Participation rate | 63.2% | 66.3%-3.1pp | 78.2%-15.1pp | 67.7%-4.5pp |
| Annual return | 12.38% | 33.39%-21.0pp | 64.84%-52.5pp | 35.67%-23.3pp |
| Employer contribution / active EE | $819 | $3,106-73.6% | $4,675-82.5% | $2,757-70.3% |
| Participant deferral / active EE | $2,492 | $3,455-27.9% | $5,631-55.7% | $4,300-42.0% |
| Admin fee / account holder | $969 | $7,994-87.9% | $15,885-93.9% | $6,925-86.0% |