Filed January 19, 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 | $59,026 | $64,705-8.8% | $62,929-6.2% | $67,986-13.2% |
| Participation rate | 45.8% | 65.6%-19.8pp | 73.1%-27.3pp | 57.2%-11.4pp |
| Annual return | 13.43% | 20.31%-6.9pp | 1063.93%-1050.5pp | 31.67%-18.2pp |
| Employer contribution / active EE | $971 | $2,376-59.1% | $2,505-61.2% | $2,019-51.9% |
| Participant deferral / active EE | $3,419 | $3,198+6.9% | $3,888-12.1% | $3,358+1.8% |
| Admin fee / account holder | $2,533 | $1,428+77.3% | $5,065-50.0% | $3,203-20.9% |