Filed September 14, 2022
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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 | $49,097 | $65,704-25.3% | $94,229-47.9% | $59,633-17.7% |
| Participation rate | 87.7% | 72.1%+15.6pp | 78.8%+8.9pp | 68.7%+19.0pp |
| Annual return | 7.69% | 5.22%+2.5pp | 10.68%-3.0pp | 2041.45%-2033.8pp |
| Employer contribution / active EE | $2,062 | $2,021+2.0% | $3,587-42.5% | $2,203-6.4% |
| Participant deferral / active EE | $4,447 | $3,143+41.5% | $4,320+2.9% | $3,192+39.3% |
| Admin fee / account holder | $4,817 | $4,265+13.0% | $6,269-23.2% | $4,297+12.1% |