Filed March 14, 2023
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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 | $89,975 | $86,949+3.5% | $102,460-12.2% | $80,959+11.1% |
| Participation rate | 70.1% | 72.4%-2.3pp | 76.5%-6.4pp | 67.7%+2.5pp |
| Annual return | 12.10% | 18.89%-6.8pp | 29.47%-17.4pp | 35.67%-23.6pp |
| Employer contribution / active EE | $2,326 | $2,370-1.8% | $3,025-23.1% | $2,757-15.6% |
| Participant deferral / active EE | $4,691 | $4,121+13.8% | $5,056-7.2% | $4,300+9.1% |
| Admin fee / account holder | $8,058 | $8,048+0.1% | $9,460-14.8% | $6,925+16.4% |