Filed October 18, 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 | $87,861 | $80,674+8.9% | $119,126-26.2% | $64,340+36.6% |
| Participation rate | 60.6% | 55.2%+5.4pp | 75.8%-15.2pp | 55.2%+5.3pp |
| Annual return | 19.17% | 26.86%-7.7pp | 282.11%-262.9pp | 24.14%-5.0pp |
| Employer contribution / active EE | $2,951 | $2,564+15.1% | $4,034-26.8% | $1,862+58.5% |
| Participant deferral / active EE | $6,289 | $3,053+106.0% | $5,318+18.3% | $2,980+111.0% |
| Admin fee / account holder | $7,394 | $4,559+62.2% | $10,693-30.9% | $3,703+99.7% |