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 | $81,504-8.5% | $102,437-27.2% | $80,959-7.8% |
| Participation rate | 96.4% | 66.9%+29.6pp | 74.5%+21.9pp | 67.7%+28.8pp |
| Annual return | 7.77% | 25.60%-17.8pp | 24.95%-17.2pp | 35.67%-27.9pp |
| Employer contribution / active EE | $3,906 | $3,104+25.9% | $3,871+0.9% | $2,757+41.7% |
| Participant deferral / active EE | $7,781 | $3,871+101.0% | $5,060+53.8% | $4,300+80.9% |
| Admin fee / account holder | $42,068 | $6,719+526.1% | $8,388+401.5% | $6,925+507.4% |