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 | $62,246 | $51,606+20.6% | $129,339-51.9% | $80,911-23.1% |
| Participation rate | 50.0% | 57.0%-7.0pp | 69.6%-19.6pp | 67.6%-17.6pp |
| Annual return | 11.49% | 20.76%-9.3pp | 9437.05%-9425.6pp | 35.63%-24.1pp |
| Employer contribution / active EE | $1,590 | $1,582+0.5% | $4,154-61.7% | $2,756-42.3% |
| Participant deferral / active EE | $3,416 | $2,669+28.0% | $4,170-18.1% | $4,297-20.5% |
| Admin fee / account holder | $16,954 | $4,310+293.4% | $7,668+121.1% | $6,935+144.5% |