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 | $86,938+125.1% | $102,423+91.0% | $80,925+141.8% |
| Participation rate | 78.3% | 72.4%+5.9pp | 76.5%+1.8pp | 67.7%+10.6pp |
| Annual return | 16.94% | 18.89%-1.9pp | 29.42%-12.5pp | 35.65%-18.7pp |
| Employer contribution / active EE | $1,334 | $2,369-43.7% | $3,023-55.9% | $2,756-51.6% |
| Participant deferral / active EE | $8,893 | $4,120+115.8% | $5,054+75.9% | $4,299+106.9% |
| Admin fee / account holder | $63,667 | $8,053+690.7% | $9,455+573.4% | $6,940+817.4% |