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 | $113,082 | $49,199+129.8% | $121,204-6.7% | $75,173+50.4% |
| Participation rate | 89.3% | 55.4%+33.9pp | 69.5%+19.8pp | 67.2%+22.1pp |
| Annual return | 14.37% | 56.04%-41.7pp | 987.18%-972.8pp | 160.72%-146.3pp |
| Employer contribution / active EE | $3,126 | $1,547+102.0% | $4,170-25.0% | $2,671+17.0% |
| Participant deferral / active EE | $5,545 | $2,630+110.9% | $4,083+35.8% | $4,126+34.4% |
| Admin fee / account holder | $4,286 | $3,946+8.6% | $5,651-24.2% | $5,651-24.2% |