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 | $33,913 | $48,570-30.2% | $130,660-74.0% | $72,976-53.5% |
| Participation rate | 94.0% | 58.6%+35.5pp | 71.7%+22.3pp | 69.5%+24.5pp |
| Annual return | 21.95% | 38.63%-16.7pp | 1709.29%-1687.3pp | 81.02%-59.1pp |
| Employer contribution / active EE | $1,986 | $1,334+48.8% | $4,092-51.5% | $2,440-18.6% |
| Participant deferral / active EE | $2,039 | $2,384-14.5% | $3,603-43.4% | $3,608-43.5% |
| Admin fee / account holder | $4,946 | $3,549+39.3% | $5,463-9.5% | $5,124-3.5% |