Filed August 21, 2024
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Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,323 | $49,280+20.4% | $67,313-11.9% | $64,173-7.6% |
| Participation rate | 97.2% | 60.8%+36.4pp | 69.1%+28.1pp | 69.6%+27.7pp |
| Annual return | -18.63% | -1.39%-17.2pp | -4.08%-14.5pp | 7.63%-26.3pp |
| Employer contribution / active EE | $0 | $1,668-100.0% | $2,566-100.0% | $2,381-100.0% |
| Participant deferral / active EE | $0 | $2,484-100.0% | $3,568-100.0% | $3,470-100.0% |
| Admin fee / account holder | $2,758 | $3,863-28.6% | $4,507-38.8% | $4,887-43.6% |