Filed October 23, 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 | $66,352 | $60,349+9.9% | $74,184-10.6% | $62,881+5.5% |
| Participation rate | 87.2% | 72.7%+14.5pp | 76.6%+10.6pp | 69.3%+17.9pp |
| Annual return | 5.29% | 21.38%-16.1pp | 17.74%-12.5pp | 20.14%-14.9pp |
| Employer contribution / active EE | $2,044 | $1,680+21.6% | $2,370-13.8% | $2,281-10.4% |
| Participant deferral / active EE | $2,602 | $2,856-8.9% | $3,550-26.7% | $3,203-18.7% |
| Admin fee / account holder | $3,707 | $4,261-13.0% | $5,586-33.6% | $4,296-13.7% |