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 | $56,431+185.3% | $130,788+23.1% | $87,485+84.0% |
| Participation rate | 81.5% | 58.9%+22.5pp | 70.1%+11.4pp | 68.9%+12.5pp |
| Annual return | 14.15% | 91.27%-77.1pp | 386.44%-372.3pp | 26.06%-11.9pp |
| Employer contribution / active EE | $2,743 | $1,549+77.1% | $3,558-22.9% | $2,596+5.6% |
| Participant deferral / active EE | $5,446 | $2,749+98.1% | $4,137+31.6% | $4,274+27.4% |
| Admin fee / account holder | $2,913 | $4,433-34.3% | $6,673-56.3% | $7,775-62.5% |