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 | $52,111 | $69,977-25.5% | $108,582-52.0% | $62,881-17.1% |
| Participation rate | 87.6% | 72.9%+14.7pp | 79.6%+8.1pp | 69.3%+18.3pp |
| Annual return | 24.83% | 10.73%+14.1pp | -51.70%+76.5pp | 20.14%+4.7pp |
| Employer contribution / active EE | $2,647 | $2,135+24.0% | $3,758-29.6% | $2,281+16.0% |
| Participant deferral / active EE | $5,774 | $3,165+82.4% | $4,311+33.9% | $3,203+80.3% |
| Admin fee / account holder | $1,590 | $5,076-68.7% | $7,645-79.2% | $4,296-63.0% |