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 | $151,523 | $81,208+86.6% | $98,916+53.2% | $79,858+89.7% |
| Participation rate | 83.3% | 72.5%+10.8pp | 76.0%+7.3pp | 69.6%+13.7pp |
| Annual return | 9.81% | 60.99%-51.2pp | 196.45%-186.6pp | 31.72%-21.9pp |
| Employer contribution / active EE | $5,117 | $1,960+161.1% | $2,689+90.3% | $2,471+107.1% |
| Participant deferral / active EE | $9,398 | $3,265+187.8% | $4,245+121.4% | $3,740+151.3% |
| Admin fee / account holder | $12,671 | $6,013+110.7% | $6,642+90.8% | $5,306+138.8% |