Filed August 9, 2024
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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 | $43,507 | $105,198-58.6% | $159,455-72.7% | $85,856-49.3% |
| Participation rate | 83.9% | 75.8%+8.1pp | 82.8%+1.0pp | 69.3%+14.6pp |
| Annual return | 0.00% | 45.08%-45.1pp | 263.63%-263.6pp | 318.58%-318.6pp |
| Employer contribution / active EE | $6,943 | $3,319+109.2% | $4,830+43.7% | $2,565+170.7% |
| Participant deferral / active EE | $7,942 | $5,946+33.6% | $7,353+8.0% | $3,952+101.0% |
| Admin fee / account holder | $1,551 | $6,934-77.6% | $10,800-85.6% | $6,261-75.2% |