Filed October 14, 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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,852 | $72,177-83.6% | $115,037-89.7% | $59,633-80.1% |
| Participation rate | 51.2% | 72.6%-21.3pp | 81.4%-30.1pp | 68.7%-17.5pp |
| Annual return | -7.25% | 12.02%-19.3pp | 26.14%-33.4pp | 2041.40%-2048.6pp |
| Employer contribution / active EE | $1,097 | $2,841-61.4% | $4,608-76.2% | $2,203-50.2% |
| Participant deferral / active EE | $2,522 | $4,783-47.3% | $6,026-58.1% | $3,192-21.0% |
| Admin fee / account holder | $1,628 | $4,927-67.0% | $8,175-80.1% | $4,297-62.1% |