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 | $80,332+9.4% | $107,187-18.0% | $64,097+37.1% |
| Participation rate | 60.6% | 54.4%+6.2pp | 75.0%-14.4pp | 55.2%+5.4pp |
| Annual return | 19.17% | 24.26%-5.1pp | 204.55%-185.4pp | 34.64%-15.5pp |
| Employer contribution / active EE | $2,951 | $2,501+18.0% | $3,782-22.0% | $1,891+56.0% |
| Participant deferral / active EE | $6,289 | $3,109+102.3% | $5,096+23.4% | $3,080+104.2% |
| Admin fee / account holder | $7,394 | $4,314+71.4% | $9,162-19.3% | $3,454+114.0% |