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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,993 | $61,660+88.1% | $80,022+45.0% | $64,181+80.7% |
| Participation rate | 100.0% | 71.7%+28.3pp | 75.8%+24.2pp | 69.6%+30.4pp |
| Annual return | -3.16% | -0.33%-2.8pp | 11.22%-14.4pp | 7.63%-10.8pp |
| Employer contribution / active EE | $4,604 | $1,810+154.3% | $2,468+86.5% | $2,381+93.4% |
| Participant deferral / active EE | $8,216 | $2,968+176.9% | $3,686+122.9% | $3,470+136.8% |
| Admin fee / account holder | $6,308 | $5,417+16.4% | $6,521-3.3% | $4,887+29.1% |