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 | $111,916 | $98,760+13.3% | $149,715-25.2% | $79,858+40.1% |
| Participation rate | 91.1% | 75.8%+15.3pp | 82.5%+8.6pp | 69.6%+21.4pp |
| Annual return | 14.55% | 27.43%-12.9pp | 276.66%-262.1pp | 31.72%-17.2pp |
| Employer contribution / active EE | $4,728 | $3,217+47.0% | $4,645+1.8% | $2,471+91.3% |
| Participant deferral / active EE | $5,792 | $5,681+2.0% | $6,842-15.4% | $3,740+54.9% |
| Admin fee / account holder | $5,581 | $6,053-7.8% | $9,310-40.0% | $5,306+5.2% |