Filed June 26, 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 | $160,982 | $52,353+207.5% | $120,225+33.9% | $82,448+95.3% |
| Participation rate | 81.5% | 58.3%+23.2pp | 69.6%+11.9pp | 68.1%+13.4pp |
| Annual return | 14.15% | 61.85%-47.7pp | 439.23%-425.1pp | 41.64%-27.5pp |
| Employer contribution / active EE | $2,743 | $1,510+81.6% | $3,475-21.1% | $2,551+7.5% |
| Participant deferral / active EE | $5,446 | $2,627+107.3% | $3,999+36.2% | $4,139+31.6% |
| Admin fee / account holder | $2,913 | $4,363-33.2% | $5,696-48.9% | $7,234-59.7% |