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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,450 | $53,774-28.5% | $134,162-71.3% | $79,856-51.9% |
| Participation rate | 98.5% | 58.8%+39.7pp | 72.2%+26.3pp | 69.6%+28.9pp |
| Annual return | 16.73% | 19.01%-2.3pp | 36.35%-19.6pp | 31.71%-15.0pp |
| Employer contribution / active EE | $2,052 | $1,322+55.3% | $3,705-44.6% | $2,471-17.0% |
| Participant deferral / active EE | $2,325 | $2,420-3.9% | $3,500-33.6% | $3,741-37.8% |
| Admin fee / account holder | $516 | $3,985-87.0% | $6,685-92.3% | $5,306-90.3% |