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 | $117,361 | $99,345+18.1% | $84,753+38.5% | $273,972-57.2% |
| Participation rate | 100.0% | 80.7%+19.3pp | 76.6%+23.4pp | 83.0%+17.0pp |
| Annual return | 7.10% | 22.93%-15.8pp | 22.78%-15.7pp | 41.46%-34.4pp |
| Employer contribution / active EE | $5,380 | $4,214+27.7% | $3,574+50.5% | $4,869+10.5% |
| Participant deferral / active EE | $4,905 | $4,270+14.9% | $3,712+32.1% | $5,287-7.2% |
| Admin fee / account holder | $20,203 | $6,645+204.0% | $5,333+278.8% | $10,133+99.4% |