Filed January 11, 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 | $60,154 | $80,781-25.5% | $102,437-41.3% | $74,478-19.2% |
| Participation rate | 39.2% | 65.7%-26.5pp | 74.5%-35.3pp | 67.2%-28.1pp |
| Annual return | 13.18% | 27.58%-14.4pp | 24.95%-11.8pp | 1370.56%-1357.4pp |
| Employer contribution / active EE | $1,456 | $3,160-53.9% | $3,871-62.4% | $2,626-44.6% |
| Participant deferral / active EE | $2,966 | $3,862-23.2% | $5,060-41.4% | $4,350-31.8% |
| Admin fee / account holder | $4,375 | $2,372+84.4% | $8,388-47.8% | $1,946+124.9% |