Filed April 9, 2024
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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 | $21,270 | $41,377-48.6% | $109,313-80.5% | $62,881-66.2% |
| Participation rate | 100.0% | 57.5%+42.5pp | 71.3%+28.7pp | 69.3%+30.7pp |
| Annual return | 9.04% | 11.05%-2.0pp | 22.07%-13.0pp | 20.14%-11.1pp |
| Employer contribution / active EE | $1,789 | $1,276+40.2% | $3,892-54.0% | $2,281-21.6% |
| Participant deferral / active EE | $1,787 | $2,045-12.6% | $3,166-43.6% | $3,203-44.2% |
| Admin fee / account holder | $2,352 | $2,884-18.4% | $5,666-58.5% | $4,296-45.2% |