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 | $92,619 | $46,877+97.6% | $122,354-24.3% | $70,126+32.1% |
| Participation rate | 80.0% | 58.2%+21.8pp | 71.6%+8.4pp | 69.5%+10.5pp |
| Annual return | 16.36% | 24.22%-7.9pp | 30.28%-13.9pp | 73.15%-56.8pp |
| Employer contribution / active EE | $813 | $1,288-36.9% | $4,051-79.9% | $2,343-65.3% |
| Participant deferral / active EE | $2,909 | $2,167+34.2% | $3,287-11.5% | $3,332-12.7% |
| Admin fee / account holder | $12,058 | $3,324+262.8% | $5,479+120.1% | $4,645+159.6% |