Filed October 8, 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 | $153,262 | $57,057+168.6% | $85,009+80.3% | $80,874+89.5% |
| Participation rate | 84.1% | 56.4%+27.7pp | 67.5%+16.6pp | 67.6%+16.4pp |
| Annual return | 26.50% | 21.66%+4.8pp | 66.47%-40.0pp | 35.62%-9.1pp |
| Employer contribution / active EE | $4,186 | $1,799+132.7% | $2,728+53.4% | $2,756+51.9% |
| Participant deferral / active EE | $12,015 | $3,112+286.1% | $4,522+165.7% | $4,297+179.6% |
| Admin fee / account holder | $7,611 | $4,986+52.6% | $6,153+23.7% | $6,935+9.7% |