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 | $106,749-63.7% | $145,433-73.4% | $82,448-53.0% |
| Participation rate | 82.3% | 75.6%+6.6pp | 82.1%+0.1pp | 68.1%+14.2pp |
| Annual return | 16.14% | 27.59%-11.5pp | 66.58%-50.4pp | 41.64%-25.5pp |
| Employer contribution / active EE | $919 | $3,444-73.3% | $4,554-79.8% | $2,551-64.0% |
| Participant deferral / active EE | $5,419 | $6,519-16.9% | $7,897-31.4% | $4,139+30.9% |
| Admin fee / account holder | $12,104 | $8,390+44.3% | $13,129-7.8% | $7,234+67.3% |