Filed February 16, 2024 (most recent of 3 filings on file)
Total covered: 284 employees
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $56,530 | $99,994-43.5% | $146,649-61.5% | $85,852-34.2% |
| Participation rate | 82.1% | 73.1%+9.1pp | 80.1%+2.1pp | 69.3%+12.8pp |
| Annual return | 13.85% | 18.93%-5.1pp | 22.75%-8.9pp | 318.66%-304.8pp |
| Employer contribution / active EE | $551 | $2,559-78.5% | $4,137-86.7% | $2,566-78.5% |
| Participant deferral / active EE | $1,479 | $4,006-63.1% | $5,506-73.1% | $3,952-62.6% |
| Admin fee / account holder | $2,855 | $7,703-62.9% | $10,281-72.2% | $6,261-54.4% |