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 | $38,505 | $46,697-17.5% | $117,529-67.2% | $68,490-43.8% |
| Participation rate | 98.3% | 56.8%+41.5pp | 70.6%+27.7pp | 67.9%+30.4pp |
| Annual return | -15.62% | -14.52%-1.1pp | 29.77%-45.4pp | -7.85%-7.8pp |
| Employer contribution / active EE | $2,206 | $1,506+46.5% | $4,179-47.2% | $2,597-15.0% |
| Participant deferral / active EE | $2,645 | $2,637+0.3% | $4,072-35.0% | $4,028-34.3% |
| Admin fee / account holder | $6,017 | $4,023+49.6% | $5,645+6.6% | $5,403+11.4% |