Filed April 18, 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 | $106,339 | $85,766+24.0% | $136,298-22.0% | $70,126+51.6% |
| Participation rate | 90.5% | 74.2%+16.3pp | 81.9%+8.6pp | 69.5%+20.9pp |
| Annual return | 20.55% | 31.46%-10.9pp | 5156.27%-5135.7pp | 73.15%-52.6pp |
| Employer contribution / active EE | $4,027 | $2,966+35.8% | $4,696-14.2% | $2,343+71.9% |
| Participant deferral / active EE | $5,009 | $5,051-0.8% | $6,247-19.8% | $3,332+50.4% |
| Admin fee / account holder | $3,472 | $5,421-36.0% | $9,244-62.4% | $4,645-25.3% |