Filed January 3, 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 | $197,272 | $143,969+37.0% | $199,883-1.3% | $82,637+138.7% |
| Participation rate | 100.0% | 84.1%+15.9pp | 86.8%+13.2pp | 68.1%+31.9pp |
| Annual return | 7.98% | 25.67%-17.7pp | 43.81%-35.8pp | 53.51%-45.5pp |
| Employer contribution / active EE | $0 | $4,632-100.0% | $6,261-100.0% | $2,552-100.0% |
| Participant deferral / active EE | $6,822 | $6,937-1.7% | $9,138-25.3% | $4,126+65.3% |
| Admin fee / account holder | $3,845 | $14,597-73.7% | $17,268-77.7% | $7,339-47.6% |