Filed May 4, 2022
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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 | $66,421 | $53,596+23.9% | $90,657-26.7% | $64,173+3.5% |
| Participation rate | 72.7% | 64.5%+8.2pp | 74.0%-1.3pp | 69.6%+3.2pp |
| Annual return | 9.94% | 4.41%+5.5pp | 1.89%+8.1pp | 7.63%+2.3pp |
| Employer contribution / active EE | $1,227 | $1,503-18.4% | $2,532-51.5% | $2,381-48.5% |
| Participant deferral / active EE | $5,298 | $2,459+115.5% | $3,424+54.7% | $3,470+52.7% |
| Admin fee / account holder | $21,592 | $3,868+458.3% | $4,994+332.3% | $4,887+341.8% |