Filed May 8, 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 | $38,729 | $106,864-63.8% | $147,318-73.7% | $82,637-53.1% |
| Participation rate | 82.3% | 75.5%+6.8pp | 82.1%+0.2pp | 68.1%+14.2pp |
| Annual return | 16.14% | 27.49%-11.4pp | 70.43%-54.3pp | 53.51%-37.4pp |
| Employer contribution / active EE | $919 | $3,417-73.1% | $4,593-80.0% | $2,552-64.0% |
| Participant deferral / active EE | $5,419 | $6,496-16.6% | $7,906-31.5% | $4,126+31.3% |
| Admin fee / account holder | $12,104 | $8,415+43.8% | $13,708-11.7% | $7,339+64.9% |