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 | $69,400 | $123,793-43.9% | $177,848-61.0% | $79,856-13.1% |
| Participation rate | 66.3% | 84.7%-18.4pp | 87.7%-21.5pp | 69.6%-3.4pp |
| Annual return | 15.48% | 22.82%-7.3pp | 48.33%-32.8pp | 31.71%-16.2pp |
| Employer contribution / active EE | $1,857 | $4,095-54.7% | $5,919-68.6% | $2,471-24.9% |
| Participant deferral / active EE | $3,868 | $5,956-35.1% | $7,714-49.9% | $3,741+3.4% |
| Admin fee / account holder | $2,108 | $7,243-70.9% | $12,431-83.0% | $5,306-60.3% |