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 | $207,897 | $138,386+50.2% | $184,260+12.8% | $80,935+156.9% |
| Participation rate | 93.5% | 83.9%+9.7pp | 86.8%+6.7pp | 67.7%+25.9pp |
| Annual return | 7.97% | 20.02%-12.0pp | 28.84%-20.9pp | 35.66%-27.7pp |
| Employer contribution / active EE | $9,587 | $4,851+97.7% | $6,427+49.2% | $2,757+247.8% |
| Participant deferral / active EE | $7,165 | $7,076+1.3% | $9,133-21.5% | $4,299+66.7% |
| Admin fee / account holder | $6,921 | $10,489-34.0% | $13,898-50.2% | $6,9240% |