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 | $116,335 | $100,901+15.3% | $75,501+54.1% | $147,585-21.2% |
| Participation rate | 93.8% | 77.1%+16.6pp | 72.4%+21.4pp | 82.8%+10.9pp |
| Annual return | 13.14% | 35.78%-22.6pp | 27.35%-14.2pp | 578.58%-565.4pp |
| Employer contribution / active EE | $3,832 | $3,253+17.8% | $2,352+62.9% | $4,876-21.4% |
| Participant deferral / active EE | $8,619 | $4,027+114.0% | $3,142+174.3% | $5,439+58.5% |
| Admin fee / account holder | $2,520 | $11,285-77.7% | $5,801-56.6% | $10,886-76.9% |