Filed October 23, 2024
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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 | $65,181 | $70,121-7.0% | $63,803+2.2% | $138,895-53.1% |
| Participation rate | 36.4% | 77.2%-40.8pp | 72.7%-36.3pp | 79.9%-43.6pp |
| Annual return | 14.13% | 946.48%-932.3pp | 543.72%-529.6pp | 145.39%-131.3pp |
| Employer contribution / active EE | $4,808 | $2,882+66.8% | $2,532+89.8% | $4,194+14.6% |
| Participant deferral / active EE | $7,092 | $4,535+56.4% | $3,843+84.5% | $6,396+10.9% |
| Admin fee / account holder | $2,888 | $6,738-57.1% | $5,196-44.4% | $12,562-77.0% |