Filed October 3, 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 | $241,330 | $60,349+299.9% | $74,184+225.3% | $62,881+283.8% |
| Participation rate | 93.8% | 72.7%+21.0pp | 76.6%+17.1pp | 69.3%+24.4pp |
| Annual return | 7.22% | 21.38%-14.2pp | 17.74%-10.5pp | 20.14%-12.9pp |
| Employer contribution / active EE | $8,802 | $1,680+423.8% | $2,370+271.4% | $2,281+285.9% |
| Participant deferral / active EE | $8,150 | $2,856+185.3% | $3,550+129.6% | $3,203+154.4% |
| Admin fee / account holder | $29,325 | $4,261+588.2% | $5,586+425.0% | $4,296+582.6% |