Filed February 12, 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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,570 | $146,267-47.0% | $197,124-60.6% | $82,448-5.9% |
| Participation rate | 66.7% | 84.0%-17.3pp | 86.7%-20.0pp | 68.1%-1.4pp |
| Annual return | 5.25% | 29.61%-24.4pp | 44.34%-39.1pp | 41.64%-36.4pp |
| Employer contribution / active EE | $0 | $4,723-100.0% | $6,227-100.0% | $2,551-100.0% |
| Participant deferral / active EE | $3,488 | $7,035-50.4% | $9,135-61.8% | $4,139-15.7% |
| Admin fee / account holder | $3,806 | $14,422-73.6% | $16,298-76.7% | $7,234-47.4% |