Filed December 14, 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 | $23,868 | $90,486-73.6% | $78,676-69.7% | $273,972-91.3% |
| Participation rate | 100.0% | 76.5%+23.5pp | 73.6%+26.4pp | 83.0%+17.0pp |
| Annual return | 8.53% | 75.62%-67.1pp | 62.19%-53.7pp | 41.46%-32.9pp |
| Employer contribution / active EE | $2,004 | $3,175-36.9% | $2,850-29.7% | $4,869-58.8% |
| Participant deferral / active EE | $2,961 | $3,901-24.1% | $3,517-15.8% | $5,287-44.0% |
| Admin fee / account holder | $2,356 | $5,263-55.2% | $4,510-47.8% | $10,133-76.7% |