Filed April 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,473 | $80,983+0.6% | $96,544-15.6% | $75,177+8.4% |
| Participation rate | 68.0% | 71.8%-3.8pp | 76.0%-8.0pp | 67.2%+0.8pp |
| Annual return | 18.01% | 27.05%-9.0pp | 25.88%-7.9pp | 160.75%-142.7pp |
| Employer contribution / active EE | $2,134 | $2,282-6.5% | $2,966-28.0% | $2,671-20.1% |
| Participant deferral / active EE | $5,800 | $3,929+47.6% | $4,851+19.5% | $4,126+40.5% |
| Admin fee / account holder | $2,090 | $6,717-68.9% | $8,254-74.7% | $5,651-63.0% |