Filed May 20, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $129,188 | $167,522-22.9% | $151,639-14.8% | $134,532-4.0% |
| Participation rate | 83.3% | 88.4%-5.0pp | 87.5%-4.2pp | 81.2%+2.1pp |
| Annual return | -23.61% | 7.81%-31.4pp | 3.34%-27.0pp | 418.27%-441.9pp |
| Employer contribution / active EE | $10,534 | $6,828+54.3% | $6,165+70.9% | $4,741+122.2% |
| Participant deferral / active EE | $9,917 | $8,986+10.4% | $8,363+18.6% | $6,401+54.9% |
| Admin fee / account holder | $1,328 | $13,780-90.4% | $11,613-88.6% | $11,429-88.4% |