Filed October 10, 2023 (most recent of 2 filings on file)
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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 | $157,664 | $81,504+93.4% | $102,437+53.9% | $80,959+94.7% |
| Participation rate | 38.5% | 66.9%-28.4pp | 74.5%-36.0pp | 67.7%-29.2pp |
| Annual return | 12.11% | 25.60%-13.5pp | 24.95%-12.8pp | 35.67%-23.6pp |
| Employer contribution / active EE | $2,306 | $3,104-25.7% | $3,871-40.4% | $2,757-16.4% |
| Participant deferral / active EE | $3,430 | $3,871-11.4% | $5,060-32.2% | $4,300-20.2% |
| Admin fee / account holder | $28,203 | $6,719+319.7% | $8,388+236.2% | $6,925+307.2% |