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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $109,856 | $57,350+91.6% | $83,850+31.0% | $64,181+71.2% |
| Participation rate | 71.0% | 68.6%+2.4pp | 76.1%-5.2pp | 69.6%+1.4pp |
| Annual return | -4.35% | 11.38%-15.7pp | 850.92%-855.3pp | 7.63%-12.0pp |
| Employer contribution / active EE | $1,528 | $2,545-40.0% | $3,631-57.9% | $2,381-35.8% |
| Participant deferral / active EE | $4,631 | $2,993+54.7% | $4,082+13.5% | $3,470+33.5% |
| Admin fee / account holder | $6,890 | $4,046+70.3% | $5,478+25.8% | $4,887+41.0% |