Filed November 8, 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 | $26,649 | $61,338-56.6% | $149,717-82.2% | $71,495-62.7% |
| Participation rate | 49.0% | 62.5%-13.5pp | 78.8%-29.8pp | 67.9%-18.9pp |
| Annual return | 19.01% | 35.86%-16.8pp | 134.41%-115.4pp | 28.85%-9.8pp |
| Employer contribution / active EE | $908 | $2,381-61.9% | $4,820-81.2% | $2,589-64.9% |
| Participant deferral / active EE | $2,282 | $2,919-21.8% | $5,682-59.8% | $4,291-46.8% |
| Admin fee / account holder | $1,126 | $1,263-10.9% | $13,213-91.5% | $1,588-29.1% |