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 | $45,361 | $76,696-40.9% | $96,515-53.0% | $71,511-36.6% |
| Participation rate | 44.4% | 66.6%-22.1pp | 74.3%-29.9pp | 67.9%-23.5pp |
| Annual return | 18.68% | 48.32%-29.6pp | 35.73%-17.0pp | 28.86%-10.2pp |
| Employer contribution / active EE | $1,565 | $3,032-48.4% | $3,740-58.1% | $2,589-39.5% |
| Participant deferral / active EE | $3,171 | $3,770-15.9% | $4,880-35.0% | $4,291-26.1% |
| Admin fee / account holder | $3,075 | $2,030+51.5% | $6,735-54.4% | $1,588+93.6% |