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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,315 | $45,872+64.2% | $77,100-2.3% | $68,490+10.0% |
| Participation rate | 85.4% | 55.9%+29.4pp | 67.9%+17.4pp | 67.9%+17.5pp |
| Annual return | -22.94% | 1.73%-24.7pp | 42.35%-65.3pp | -7.85%-15.1pp |
| Employer contribution / active EE | $4,234 | $1,650+156.7% | $2,815+50.4% | $2,597+63.1% |
| Participant deferral / active EE | $11,440 | $2,963+286.1% | $4,430+158.3% | $4,028+184.0% |
| Admin fee / account holder | $1,678 | $3,041-44.8% | $5,443-69.2% | $5,403-68.9% |