Filed June 29, 2021
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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 | $196,390 | $110,137+78.3% | $161,149+21.9% | $82,637+137.7% |
| Participation rate | 87.0% | 72.4%+14.7pp | 78.8%+8.2pp | 68.1%+19.0pp |
| Annual return | 19.28% | 20.69%-1.4pp | 21.16%-1.9pp | 53.51%-34.2pp |
| Employer contribution / active EE | $20,507 | $2,856+618.0% | $4,360+370.3% | $2,552+703.5% |
| Participant deferral / active EE | $6,913 | $4,575+51.1% | $6,153+12.3% | $4,126+67.5% |
| Admin fee / account holder | $3,242 | $9,467-65.7% | $15,194-78.7% | $7,339-55.8% |