Filed April 19, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $261,953 | $145,431+80.1% | $211,142+24.1% | $87,485+199.4% |
| Participation rate | 100.0% | 84.7%+15.3pp | 87.3%+12.7pp | 68.9%+31.1pp |
| Annual return | 22.00% | 27.21%-5.2pp | 46.84%-24.8pp | 26.06%-4.1pp |
| Employer contribution / active EE | $15,713 | $4,662+237.1% | $6,442+143.9% | $2,596+505.2% |
| Participant deferral / active EE | $15,290 | $6,859+122.9% | $9,284+64.7% | $4,274+257.8% |
| Admin fee / account holder | $3,162 | $17,052-81.5% | $19,076-83.4% | $7,775-59.3% |