Filed February 19, 2024 (most recent of 3 filings on file)
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,123 | $70,879-63.1% | $189,575-86.2% | $79,391-67.1% |
| Participation rate | 80.2% | 68.0%+12.2pp | 78.4%+1.8pp | 70.7%+9.5pp |
| Annual return | 20.65% | 20.70%0pp | 64.19%-43.5pp | 116.88%-96.2pp |
| Employer contribution / active EE | $811 | $1,806-55.1% | $4,412-81.6% | $2,428-66.6% |
| Participant deferral / active EE | $3,126 | $4,081-23.4% | $6,174-49.4% | $4,046-22.7% |
| Admin fee / account holder | $1,334 | $647+106.0% | $9,806-86.4% | $627+112.9% |