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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,457 | $102,429-14.6% | $147,096-40.5% | $80,925+8.1% |
| Participation rate | 76.5% | 75.9%+0.6pp | 82.2%-5.7pp | 67.7%+8.8pp |
| Annual return | 9.11% | 135.02%-125.9pp | 419.75%-410.6pp | 35.65%-26.5pp |
| Employer contribution / active EE | $6,970 | $3,716+87.6% | $4,936+41.2% | $2,756+152.9% |
| Participant deferral / active EE | $9,128 | $6,649+37.3% | $8,071+13.1% | $4,299+112.3% |
| Admin fee / account holder | $11,109 | $7,957+39.6% | $13,005-14.6% | $6,940+60.1% |