Filed December 26, 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 | $42,676 | $82,678-48.4% | $125,391-66.0% | $68,490-37.7% |
| Participation rate | 68.4% | 75.1%-6.6pp | 82.4%-14.0pp | 67.9%+0.5pp |
| Annual return | -13.41% | -5.97%-7.4pp | 572.41%-585.8pp | -7.85%-5.6pp |
| Employer contribution / active EE | $3,437 | $3,382+1.6% | $4,816-28.6% | $2,597+32.4% |
| Participant deferral / active EE | $3,589 | $6,111-41.3% | $7,448-51.8% | $4,028-10.9% |
| Admin fee / account holder | $42,000 | $6,277+569.1% | $10,009+319.6% | $5,403+677.4% |