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 | $89,539 | $49,199+82.0% | $121,210-26.1% | $75,177+19.1% |
| Participation rate | 81.5% | 55.4%+26.1pp | 69.5%+11.9pp | 67.2%+14.3pp |
| Annual return | 17.07% | 56.04%-39.0pp | 987.41%-970.3pp | 160.75%-143.7pp |
| Employer contribution / active EE | $2,552 | $1,547+65.0% | $4,171-38.8% | $2,671-4.4% |
| Participant deferral / active EE | $3,540 | $2,630+34.6% | $4,084-13.3% | $4,126-14.2% |
| Admin fee / account holder | $11,552 | $3,946+192.7% | $5,647+104.6% | $5,651+104.4% |