Filed December 18, 2023
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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 | $160,292 | $73,988+116.6% | $96,538+66.0% | $75,177+113.2% |
| Participation rate | 68.4% | 66.4%+2.0pp | 74.3%-5.9pp | 67.2%+1.2pp |
| Annual return | 22.42% | 26.73%-4.3pp | 35.74%-13.3pp | 160.75%-138.3pp |
| Employer contribution / active EE | $3,132 | $2,930+6.9% | $3,740-16.3% | $2,671+17.2% |
| Participant deferral / active EE | $7,546 | $3,660+106.2% | $4,880+54.6% | $4,126+82.9% |
| Admin fee / account holder | $6,716 | $5,220+28.7% | $6,737-0.3% | $5,651+18.8% |