Filed December 7, 2022
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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 | $30,564 | $43,344-29.5% | $59,899-49.0% | $64,173-52.4% |
| Participation rate | 98.8% | 69.2%+29.7pp | 74.7%+24.1pp | 69.6%+29.3pp |
| Annual return | -5.34% | -1.55%-3.8pp | 3.46%-8.8pp | 7.63%-13.0pp |
| Employer contribution / active EE | $4,503 | $2,030+121.8% | $2,723+65.4% | $2,381+89.1% |
| Participant deferral / active EE | $6,406 | $2,547+151.5% | $3,402+88.3% | $3,470+84.6% |
| Admin fee / account holder | $1,625 | $3,008-46.0% | $3,592-54.8% | $4,887-66.8% |