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 | $63,949+51.3% | $129,031-25.0% | $94,015+2.9% |
| Participation rate | 55.2% | 63.4%-8.3pp | 73.4%-18.2pp | 70.8%-15.6pp |
| Annual return | 13.73% | 17.56%-3.8pp | 34.67%-20.9pp | 17.84%-4.1pp |
| Employer contribution / active EE | $2,099 | $1,865+12.6% | $3,226-34.9% | $2,790-24.8% |
| Participant deferral / active EE | $3,240 | $3,686-12.1% | $5,217-37.9% | $4,249-23.8% |
| Admin fee / account holder | $2,157 | $5,523-60.9% | $13,208-83.7% | $8,951-75.9% |