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 | $57,119+168.3% | $85,187+79.9% | $80,935+89.4% |
| Participation rate | 84.1% | 56.4%+27.7pp | 67.5%+16.6pp | 67.7%+16.4pp |
| Annual return | 26.50% | 21.70%+4.8pp | 66.67%-40.2pp | 35.66%-9.2pp |
| Employer contribution / active EE | $4,186 | $1,802+132.4% | $2,732+53.2% | $2,757+51.9% |
| Participant deferral / active EE | $12,015 | $3,115+285.8% | $4,525+165.5% | $4,299+179.5% |
| Admin fee / account holder | $7,611 | $4,990+52.5% | $6,162+23.5% | $6,924+9.9% |