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 | $52,353+36.9% | $120,225-40.4% | $82,448-13.1% |
| Participation rate | 42.5% | 58.3%-15.8pp | 69.6%-27.1pp | 68.1%-25.6pp |
| Annual return | 17.40% | 61.85%-44.5pp | 439.23%-421.8pp | 41.64%-24.2pp |
| Employer contribution / active EE | $1,360 | $1,510-10.0% | $3,475-60.9% | $2,551-46.7% |
| Participant deferral / active EE | $3,113 | $2,627+18.5% | $3,999-22.1% | $4,139-24.8% |
| Admin fee / account holder | $8,511 | $4,363+95.1% | $5,696+49.4% | $7,234+17.6% |