Filed January 20, 2023
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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 | $125,664 | $54,320+131.3% | $67,653+85.7% | $52,331+140.1% |
| Participation rate | 94.4% | 73.6%+20.8pp | 75.7%+18.7pp | 68.1%+26.3pp |
| Annual return | -0.77% | 6.81%-7.6pp | 6625.22%-6626.0pp | 4.54%-5.3pp |
| Employer contribution / active EE | $2,438 | $1,544+57.9% | $2,266+7.6% | $1,882+29.6% |
| Participant deferral / active EE | $5,366 | $2,950+81.9% | $3,560+50.7% | $3,022+77.5% |
| Admin fee / account holder | $6,030 | $527+1045.2% | $4,821+25.1% | $592+919.4% |