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 | $183,652 | $95,404+92.5% | $113,397+62.0% | $82,637+122.2% |
| Participation rate | 79.5% | 72.8%+6.7pp | 76.5%+3.0pp | 68.1%+11.4pp |
| Annual return | 14.10% | 19.08%-5.0pp | 23.20%-9.1pp | 53.51%-39.4pp |
| Employer contribution / active EE | $1,934 | $2,307-16.1% | $2,977-35.0% | $2,552-24.2% |
| Participant deferral / active EE | $7,181 | $4,220+70.2% | $5,076+41.5% | $4,126+74.0% |
| Admin fee / account holder | $28,443 | $9,168+210.2% | $11,957+137.9% | $7,339+287.6% |