Filed April 11, 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 | $96,747 | $60,442+60.1% | $96,7540% | $87,485+10.6% |
| Participation rate | 55.2% | 58.7%-3.5pp | 70.3%-15.1pp | 68.9%-13.8pp |
| Annual return | 13.73% | 21.97%-8.2pp | 82.04%-68.3pp | 26.06%-12.3pp |
| Employer contribution / active EE | $2,099 | $1,691+24.1% | $2,679-21.7% | $2,596-19.2% |
| Participant deferral / active EE | $3,240 | $3,280-1.2% | $4,758-31.9% | $4,274-24.2% |
| Admin fee / account holder | $2,157 | $5,069-57.4% | $8,905-75.8% | $7,775-72.3% |