Filed April 23, 2024
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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 | $30,655 | $89,259-65.7% | $107,187-71.4% | $82,637-62.9% |
| Participation rate | 100.0% | 67.9%+32.1pp | 75.0%+25.0pp | 68.1%+31.9pp |
| Annual return | 14.68% | 21.02%-6.3pp | 204.55%-189.9pp | 53.51%-38.8pp |
| Employer contribution / active EE | $3,484 | $3,080+13.1% | $3,782-7.9% | $2,552+36.5% |
| Participant deferral / active EE | $4,249 | $4,037+5.2% | $5,096-16.6% | $4,126+3.0% |
| Admin fee / account holder | $7,374 | $7,381-0.1% | $9,162-19.5% | $7,339+0.5% |