Filed March 7, 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 | $195,663 | $86,949+125.0% | $102,460+91.0% | $80,959+141.7% |
| Participation rate | 78.3% | 72.4%+5.9pp | 76.5%+1.8pp | 67.7%+10.6pp |
| Annual return | 16.94% | 18.89%-2.0pp | 29.47%-12.5pp | 35.67%-18.7pp |
| Employer contribution / active EE | $1,334 | $2,370-43.7% | $3,025-55.9% | $2,757-51.6% |
| Participant deferral / active EE | $8,893 | $4,121+115.8% | $5,056+75.9% | $4,300+106.8% |
| Admin fee / account holder | $63,667 | $8,048+691.1% | $9,460+573.0% | $6,925+819.3% |