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 | $96,731-68.3% | $123,973-75.3% | $86,983-64.8% |
| Participation rate | 100.0% | 70.0%+30.0pp | 76.7%+23.3pp | 69.5%+30.5pp |
| Annual return | 14.68% | 17.33%-2.6pp | 388.13%-373.4pp | 25.83%-11.2pp |
| Employer contribution / active EE | $3,484 | $3,297+5.7% | $4,126-15.5% | $2,584+34.8% |
| Participant deferral / active EE | $4,249 | $4,152+2.3% | $5,247-19.0% | $4,194+1.3% |
| Admin fee / account holder | $7,374 | $8,722-15.5% | $11,799-37.5% | $7,856-6.1% |