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 | $138,386-29.3% | $184,260-46.9% | $80,935+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 | 28.84%-10.9pp | 35.66%-17.7pp |
| Employer contribution / active EE | $5,351 | $4,851+10.3% | $6,427-16.8% | $2,757+94.1% |
| Participant deferral / active EE | $10,300 | $7,076+45.6% | $9,133+12.8% | $4,299+139.6% |
| Admin fee / account holder | $2,968 | $10,489-71.7% | $13,898-78.6% | $6,924-57.1% |