Filed September 15, 2022
Total covered: 9 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 | $75,538 | $76,551-1.3% | $123,894-39.0% | $62,881+20.1% |
| Participation rate | 91.8% | 73.0%+18.9pp | 81.4%+10.4pp | 69.3%+22.5pp |
| Annual return | 8.79% | 18.68%-9.9pp | 47.52%-38.7pp | 20.14%-11.4pp |
| Employer contribution / active EE | $2,630 | $2,882-8.8% | $4,617-43.0% | $2,281+15.3% |
| Participant deferral / active EE | $5,722 | $4,840+18.2% | $5,984-4.4% | $3,203+78.6% |
| Admin fee / account holder | $7,538 | $4,826+56.2% | $8,357-9.8% | $4,296+75.5% |