Filed March 15, 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 | $145,546 | $108,825+33.7% | $156,181-6.8% | $82,448+76.5% |
| Participation rate | 65.7% | 72.4%-6.7pp | 78.8%-13.1pp | 68.1%-2.4pp |
| Annual return | 29.81% | 20.59%+9.2pp | 64.87%-35.1pp | 41.64%-11.8pp |
| Employer contribution / active EE | $2,867 | $2,870-0.1% | $4,294-33.2% | $2,551+12.4% |
| Participant deferral / active EE | $7,376 | $4,577+61.2% | $6,132+20.3% | $4,139+78.2% |
| Admin fee / account holder | $1,142 | $9,341-87.8% | $14,586-92.2% | $7,234-84.2% |