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 | $53,063+35.1% | $124,206-42.3% | $82,637-13.3% |
| Participation rate | 42.5% | 58.4%-15.9pp | 69.6%-27.1pp | 68.1%-25.6pp |
| Annual return | 17.40% | 68.87%-51.5pp | 515.27%-497.9pp | 53.51%-36.1pp |
| Employer contribution / active EE | $1,360 | $1,530-11.2% | $3,540-61.6% | $2,552-46.7% |
| Participant deferral / active EE | $3,113 | $2,644+17.7% | $3,968-21.5% | $4,126-24.5% |
| Admin fee / account holder | $8,511 | $4,281+98.8% | $5,929+43.6% | $7,339+16.0% |