Filed June 21, 2024
Total covered: 24 employees
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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 | $14,233 | $69,273-79.5% | $90,796-84.3% | $82,637-82.8% |
| Participation rate | 100.0% | 64.0%+36.0pp | 69.5%+30.5pp | 68.1%+31.9pp |
| Annual return | 16.05% | 18.37%-2.3pp | 19.29%-3.2pp | 53.51%-37.5pp |
| Employer contribution / active EE | $1,370 | $1,865-26.6% | $2,294-40.3% | $2,552-46.3% |
| Participant deferral / active EE | $2,862 | $3,047-6.1% | $3,822-25.1% | $4,126-30.6% |
| Admin fee / account holder | $1,112 | $5,511-79.8% | $7,024-84.2% | $7,339-84.9% |