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 | $70,740 | $43,730+61.8% | $121,220-41.6% | $64,173+10.2% |
| Participation rate | 80.0% | 58.3%+21.7pp | 71.8%+8.2pp | 69.6%+10.4pp |
| Annual return | -6.15% | 68.94%-75.1pp | 16.94%-23.1pp | 7.63%-13.8pp |
| Employer contribution / active EE | $1,282 | $1,297-1.2% | $4,023-68.1% | $2,381-46.2% |
| Participant deferral / active EE | $3,508 | $2,281+53.8% | $3,345+4.9% | $3,470+1.1% |
| Admin fee / account holder | $24,734 | $3,502+606.2% | $5,021+392.6% | $4,887+406.1% |