Filed April 29, 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 | $113,722 | $96,956+17.3% | $69,779+63.0% | $273,972-58.5% |
| Participation rate | 85.7% | 77.1%+8.7pp | 71.8%+13.9pp | 83.0%+2.7pp |
| Annual return | 9.30% | 12.93%-3.6pp | 12.99%-3.7pp | 41.46%-32.2pp |
| Employer contribution / active EE | $5,140 | $3,316+55.0% | $2,338+119.8% | $4,869+5.6% |
| Participant deferral / active EE | $10,243 | $3,744+173.6% | $2,931+249.5% | $5,287+93.7% |
| Admin fee / account holder | $1,698 | $7,934-78.6% | $4,381-61.2% | $10,133-83.2% |