Filed January 5, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,613 | $81,446-8.4% | $103,374-27.8% | $80,874-7.7% |
| Participation rate | 96.4% | 66.9%+29.6pp | 74.5%+21.9pp | 67.6%+28.8pp |
| Annual return | 7.77% | 25.57%-17.8pp | 24.89%-17.1pp | 35.62%-27.9pp |
| Employer contribution / active EE | $3,906 | $3,107+25.7% | $3,869+0.9% | $2,756+41.7% |
| Participant deferral / active EE | $7,781 | $3,870+101.1% | $5,058+53.9% | $4,297+81.1% |
| Admin fee / account holder | $42,068 | $6,715+526.5% | $8,394+401.2% | $6,935+506.6% |