Filed November 7, 2024 (most recent of 3 filings on file)
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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 | $69,071 | $109,359-36.8% | $162,185-57.4% | $72,976-5.4% |
| Participation rate | 62.0% | 84.3%-22.3pp | 87.6%-25.6pp | 69.5%-7.5pp |
| Annual return | 24.26% | 25.46%-1.2pp | 115.61%-91.3pp | 81.02%-56.8pp |
| Employer contribution / active EE | $1,769 | $3,907-54.7% | $5,613-68.5% | $2,440-27.5% |
| Participant deferral / active EE | $3,820 | $5,481-30.3% | $7,297-47.7% | $3,608+5.9% |
| Admin fee / account holder | $2,945 | $7,972-63.1% | $10,844-72.8% | $5,124-42.5% |