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 | $86,940+3.5% | $102,434-12.2% | $80,935+11.2% |
| Participation rate | 70.1% | 72.4%-2.3pp | 76.5%-6.4pp | 67.7%+2.5pp |
| Annual return | 12.10% | 18.89%-6.8pp | 29.46%-17.4pp | 35.66%-23.6pp |
| Employer contribution / active EE | $2,326 | $2,370-1.8% | $3,023-23.1% | $2,757-15.6% |
| Participant deferral / active EE | $4,691 | $4,121+13.8% | $5,055-7.2% | $4,299+9.1% |
| Admin fee / account holder | $8,058 | $8,047+0.1% | $9,462-14.8% | $6,924+16.4% |