Filed May 19, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,614 | $47,922-4.8% | $75,900-39.9% | $65,186-30.0% |
| Participation rate | 89.6% | 63.0%+26.6pp | 69.3%+20.3pp | 70.2%+19.4pp |
| Annual return | 24.40% | 24.12%+0.3pp | 30.73%-6.3pp | 29.39%-5.0pp |
| Employer contribution / active EE | $640 | $1,557-58.9% | $2,501-74.4% | $2,177-70.6% |
| Participant deferral / active EE | $4,102 | $2,550+60.9% | $3,604+13.8% | $3,514+16.7% |
| Admin fee / account holder | $3,556 | $532+569.0% | $5,421-34.4% | $847+319.7% |