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 | $53,819 | $65,364-17.7% | $92,909-42.1% | $72,975-26.3% |
| Participation rate | 55.8% | 68.3%-12.5pp | 76.0%-20.2pp | 69.5%-13.7pp |
| Annual return | 20.15% | 42.11%-22.0pp | 109.44%-89.3pp | 81.01%-60.9pp |
| Employer contribution / active EE | $2,368 | $2,594-8.7% | $3,653-35.2% | $2,440-3.0% |
| Participant deferral / active EE | $4,688 | $3,128+49.8% | $4,238+10.6% | $3,608+29.9% |
| Admin fee / account holder | $8,050 | $4,251+89.4% | $5,795+38.9% | $5,124+57.1% |