Filed February 7, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $125,031 | $67,411+85.5% | $91,004+37.4% | $70,126+78.3% |
| Participation rate | 97.6% | 71.4%+26.2pp | 75.6%+22.0pp | 69.5%+28.0pp |
| Annual return | 10.72% | -40.16%+50.9pp | 4.60%+6.1pp | 73.15%-62.4pp |
| Employer contribution / active EE | $4,348 | $1,786+143.5% | $2,456+77.1% | $2,343+85.6% |
| Participant deferral / active EE | $8,143 | $2,823+188.5% | $3,548+129.5% | $3,332+144.4% |
| Admin fee / account holder | $3,961 | $4,236-6.5% | $5,417-26.9% | $4,645-14.7% |