Filed August 6, 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 | $184,518 | $154,228+19.6% | $145,433+26.9% | $137,256+34.4% |
| Participation rate | 100.0% | 83.8%+16.2pp | 82.1%+17.9pp | 80.0%+20.0pp |
| Annual return | 1.73% | 74.59%-72.9pp | 66.58%-64.8pp | 220.34%-218.6pp |
| Employer contribution / active EE | $46,500 | $4,804+867.9% | $4,554+921.0% | $4,156+1018.9% |
| Participant deferral / active EE | $34,750 | $8,216+322.9% | $7,897+340.0% | $6,407+442.4% |
| Admin fee / account holder | $1,338,135 | $14,344+9229.2% | $13,129+10092.2% | $12,270+10805.6% |