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 | $57,505 | $59,191-2.8% | $76,767-25.1% | $56,289+2.2% |
| Participation rate | 92.1% | 75.2%+16.9pp | 77.0%+15.2pp | 69.9%+22.3pp |
| Annual return | -4.66% | 6.62%-11.3pp | 2.43%-7.1pp | -9.96%+5.3pp |
| Employer contribution / active EE | $2,194 | $1,759+24.7% | $2,485-11.7% | $2,111+3.9% |
| Participant deferral / active EE | $3,298 | $3,255+1.3% | $3,852-14.4% | $3,350-1.6% |
| Admin fee / account holder | $1,494 | $489+205.4% | $6,675-77.6% | $521+186.8% |