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 | $57,140+168.2% | $85,240+79.8% | $80,959+89.3% |
| Participation rate | 84.1% | 56.4%+27.7pp | 67.5%+16.6pp | 67.7%+16.4pp |
| Annual return | 26.50% | 21.71%+4.8pp | 66.75%-40.3pp | 35.67%-9.2pp |
| Employer contribution / active EE | $4,186 | $1,802+132.3% | $2,735+53.1% | $2,757+51.8% |
| Participant deferral / active EE | $12,015 | $3,115+285.7% | $4,527+165.4% | $4,300+179.4% |
| Admin fee / account holder | $7,611 | $4,992+52.5% | $6,165+23.5% | $6,925+9.9% |