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 | $99,875-61.2% | $146,866-73.6% | $86,983-55.5% |
| Participation rate | 82.3% | 75.8%+6.5pp | 82.5%-0.3pp | 69.5%+12.7pp |
| Annual return | 16.14% | 28.10%-12.0pp | 102.85%-86.7pp | 25.83%-9.7pp |
| Employer contribution / active EE | $919 | $3,224-71.5% | $4,425-79.2% | $2,584-64.5% |
| Participant deferral / active EE | $5,419 | $6,322-14.3% | $7,759-30.2% | $4,194+29.2% |
| Admin fee / account holder | $12,104 | $7,838+54.4% | $13,620-11.1% | $7,856+54.1% |