Filed January 2, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30 | $105,210-100.0% | $159,487-100.0% | $85,851-100.0% |
| Participation rate | 5.9% | 75.8%-69.9pp | 82.8%-77.0pp | 69.3%-63.4pp |
| Annual return | -72.95% | 45.08%-118.0pp | 263.71%-336.7pp | 318.63%-391.6pp |
| Employer contribution / active EE | $3,103 | $3,319-6.5% | $4,831-35.8% | $2,565+21.0% |
| Participant deferral / active EE | $10,762 | $5,946+81.0% | $7,354+46.3% | $3,952+172.3% |
| Admin fee / account holder | $1,153,328 | $6,934+16532.0% | $10,804+10575.3% | $6,261+18321.0% |