Filed June 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 | $21,734 | $57,350-62.1% | $83,850-74.1% | $64,181-66.1% |
| Participation rate | 94.6% | 68.6%+26.0pp | 76.1%+18.4pp | 69.6%+25.0pp |
| Annual return | -6.98% | 11.38%-18.4pp | 850.92%-857.9pp | 7.63%-14.6pp |
| Employer contribution / active EE | $8,264 | $2,545+224.7% | $3,631+127.6% | $2,381+247.1% |
| Participant deferral / active EE | $4,263 | $2,993+42.4% | $4,082+4.4% | $3,470+22.9% |
| Admin fee / account holder | $1,353 | $4,046-66.5% | $5,478-75.3% | $4,887-72.3% |