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 | $57,590+68.0% | $86,233+12.2% | $82,448+17.3% |
| Participation rate | 55.2% | 57.9%-2.7pp | 69.0%-13.8pp | 68.1%-12.9pp |
| Annual return | 13.73% | 22.41%-8.7pp | 61.39%-47.7pp | 41.64%-27.9pp |
| Employer contribution / active EE | $2,099 | $1,655+26.8% | $2,504-16.2% | $2,551-17.7% |
| Participant deferral / active EE | $3,240 | $3,080+5.2% | $4,559-28.9% | $4,139-21.7% |
| Admin fee / account holder | $2,157 | $4,730-54.4% | $8,342-74.1% | $7,234-70.2% |