Filed July 2, 2024
Total covered: 4 employees
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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 | $71,671 | $65,961+8.7% | $180,320-60.3% | $94,015-23.8% |
| Participation rate | 42.5% | 61.3%-18.8pp | 71.5%-29.0pp | 70.8%-28.3pp |
| Annual return | 17.40% | 14.27%+3.1pp | 778.54%-761.1pp | 17.84%-0.4pp |
| Employer contribution / active EE | $1,360 | $1,737-21.7% | $4,108-66.9% | $2,790-51.3% |
| Participant deferral / active EE | $3,113 | $3,003+3.7% | $4,304-27.7% | $4,249-26.7% |
| Admin fee / account holder | $8,511 | $4,901+73.7% | $10,000-14.9% | $8,951-4.9% |