Filed July 29, 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 | $97,838 | $138,385-29.3% | $184,243-46.9% | $80,925+20.9% |
| Participation rate | 98.0% | 83.9%+14.1pp | 86.8%+11.2pp | 67.7%+30.4pp |
| Annual return | 17.94% | 20.02%-2.1pp | 28.82%-10.9pp | 35.65%-17.7pp |
| Employer contribution / active EE | $5,351 | $4,851+10.3% | $6,427-16.7% | $2,756+94.1% |
| Participant deferral / active EE | $10,300 | $7,075+45.6% | $9,132+12.8% | $4,299+139.6% |
| Admin fee / account holder | $2,968 | $10,489-71.7% | $13,914-78.7% | $6,940-57.2% |