Filed February 19, 2024
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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 | $58,542 | $135,956-56.9% | $123,894-52.7% | $273,972-78.6% |
| Participation rate | 95.8% | 84.1%+11.8pp | 81.4%+14.4pp | 83.0%+12.8pp |
| Annual return | 8.95% | 56.63%-47.7pp | 47.52%-38.6pp | 41.46%-32.5pp |
| Employer contribution / active EE | $2,129 | $5,170-58.8% | $4,617-53.9% | $4,869-56.3% |
| Participant deferral / active EE | $6,618 | $6,343+4.3% | $5,984+10.6% | $5,287+25.2% |
| Admin fee / account holder | $2,458 | $9,817-75.0% | $8,357-70.6% | $10,133-75.7% |