Filed March 29, 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 | $95,234 | $52,353+81.9% | $120,225-20.8% | $82,448+15.5% |
| Participation rate | 34.4% | 58.3%-23.9pp | 69.6%-35.2pp | 68.1%-33.7pp |
| Annual return | 13.95% | 61.85%-47.9pp | 439.23%-425.3pp | 41.64%-27.7pp |
| Employer contribution / active EE | $305 | $1,510-79.8% | $3,475-91.2% | $2,551-88.1% |
| Participant deferral / active EE | $1,724 | $2,627-34.4% | $3,999-56.9% | $4,139-58.3% |
| Admin fee / account holder | $3,278 | $4,363-24.9% | $5,696-42.5% | $7,234-54.7% |