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 | $61,317 | $46,697+31.3% | $117,533-47.8% | $68,486-10.5% |
| Participation rate | 53.2% | 56.8%-3.6pp | 70.6%-17.4pp | 67.9%-14.7pp |
| Annual return | -15.65% | -14.52%-1.1pp | 29.77%-45.4pp | -7.85%-7.8pp |
| Employer contribution / active EE | $1,622 | $1,506+7.7% | $4,179-61.2% | $2,597-37.5% |
| Participant deferral / active EE | $3,792 | $2,637+43.8% | $4,072-6.9% | $4,028-5.8% |
| Admin fee / account holder | $15,678 | $4,023+289.7% | $5,647+177.6% | $5,404+190.1% |