Filed November 25, 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 | $38,961 | $101,752-61.7% | $164,928-76.4% | $80,911-51.8% |
| Participation rate | 77.9% | 71.8%+6.1pp | 78.6%-0.7pp | 67.6%+10.2pp |
| Annual return | 14.08% | 16.73%-2.6pp | 70.08%-56.0pp | 35.63%-21.5pp |
| Employer contribution / active EE | $2,403 | $2,953-18.6% | $4,343-44.7% | $2,756-12.8% |
| Participant deferral / active EE | $5,373 | $4,477+20.0% | $6,034-11.0% | $4,297+25.0% |
| Admin fee / account holder | $2,094 | $8,218-74.5% | $12,684-83.5% | $6,935-69.8% |