Filed July 17, 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 | $79,852 | $201,264-60.3% | $184,185-56.6% | $145,978-45.3% |
| Participation rate | 65.0% | 87.5%-22.5pp | 86.8%-21.8pp | 80.3%-15.3pp |
| Annual return | 9.31% | 29.00%-19.7pp | 28.81%-19.5pp | 550.52%-541.2pp |
| Employer contribution / active EE | $2,315 | $7,021-67.0% | $6,426-64.0% | $4,662-50.3% |
| Participant deferral / active EE | $3,539 | $9,806-63.9% | $9,132-61.3% | $6,690-47.1% |
| Admin fee / account holder | $1,528 | $16,376-90.7% | $13,909-89.0% | $13,400-88.6% |