Filed September 15, 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 | $30,526 | $57,057-46.5% | $85,009-64.1% | $80,874-62.3% |
| Participation rate | 75.0% | 56.4%+18.6pp | 67.5%+7.5pp | 67.6%+7.4pp |
| Annual return | 22.40% | 21.66%+0.7pp | 66.47%-44.1pp | 35.62%-13.2pp |
| Employer contribution / active EE | $0 | $1,799-100.0% | $2,728-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $4,372 | $3,112+40.5% | $4,522-3.3% | $4,297+1.7% |
| Admin fee / account holder | $1,440 | $4,986-71.1% | $6,153-76.6% | $6,935-79.2% |