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 | $88,486 | $57,073+55.0% | $85,126+3.9% | $80,925+9.3% |
| Participation rate | 57.7% | 56.4%+1.3pp | 67.5%-9.8pp | 67.7%-10.0pp |
| Annual return | 14.68% | 21.69%-7.0pp | 66.63%-51.9pp | 35.65%-21.0pp |
| Employer contribution / active EE | $2,300 | $1,801+27.8% | $2,731-15.8% | $2,756-16.5% |
| Participant deferral / active EE | $3,551 | $3,113+14.1% | $4,523-21.5% | $4,299-17.4% |
| Admin fee / account holder | $46,931 | $4,988+840.9% | $6,160+661.8% | $6,940+576.2% |