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 | $152,989 | $93,617+63.4% | $135,982+12.5% | $75,177+103.5% |
| Participation rate | 85.7% | 75.2%+10.5pp | 81.9%+3.8pp | 67.2%+18.5pp |
| Annual return | 21.09% | 30.89%-9.8pp | 68.32%-47.2pp | 160.75%-139.7pp |
| Employer contribution / active EE | $4,675 | $3,538+32.1% | $4,859-3.8% | $2,671+75.0% |
| Participant deferral / active EE | $7,250 | $6,406+13.2% | $7,760-6.6% | $4,126+75.7% |
| Admin fee / account holder | $10,256 | $6,980+46.9% | $10,767-4.7% | $5,651+81.5% |