Filed December 8, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $349,854 | $227,291+53.9% | $214,702+62.9% | $155,188+125.4% |
| Participation rate | 88.9% | 88.0%+0.9pp | 87.5%+1.4pp | 80.8%+8.1pp |
| Annual return | 13.13% | 60.08%-46.9pp | 54.55%-41.4pp | 148.84%-135.7pp |
| Employer contribution / active EE | $9,978 | $6,772+47.3% | $6,461+54.4% | $4,248+134.9% |
| Participant deferral / active EE | $16,615 | $9,582+73.4% | $9,147+81.6% | $6,531+154.4% |
| Admin fee / account holder | $2,639 | $20,413-87.1% | $19,830-86.7% | $14,480-81.8% |