Filed July 2, 2024 (most recent of 2 filings on file)
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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 | $58,913 | $86,940-32.2% | $102,434-42.5% | $80,935-27.2% |
| Participation rate | 50.6% | 72.4%-21.8pp | 76.5%-25.9pp | 67.7%-17.0pp |
| Annual return | 15.39% | 18.89%-3.5pp | 29.46%-14.1pp | 35.66%-20.3pp |
| Employer contribution / active EE | $757 | $2,370-68.0% | $3,023-74.9% | $2,757-72.5% |
| Participant deferral / active EE | $2,521 | $4,121-38.8% | $5,055-50.1% | $4,299-41.4% |
| Admin fee / account holder | $5,019 | $8,047-37.6% | $9,462-47.0% | $6,924-27.5% |