Filed November 20, 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 | $48,039 | $101,752-52.8% | $164,928-70.9% | $80,911-40.6% |
| Participation rate | 62.5% | 71.8%-9.3pp | 78.6%-16.1pp | 67.6%-5.1pp |
| Annual return | 12.25% | 16.73%-4.5pp | 70.08%-57.8pp | 35.63%-23.4pp |
| Employer contribution / active EE | $3,370 | $2,953+14.1% | $4,343-22.4% | $2,756+22.3% |
| Participant deferral / active EE | $5,997 | $4,477+34.0% | $6,034-0.6% | $4,297+39.6% |
| Admin fee / account holder | $2,937 | $8,218-64.3% | $12,684-76.8% | $6,935-57.7% |