Filed March 31, 2023
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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 | $61,934 | $76,834-19.4% | $108,359-42.8% | $87,485-29.2% |
| Participation rate | 86.3% | 61.7%+24.5pp | 70.1%+16.1pp | 68.9%+17.3pp |
| Annual return | 14.26% | 19.09%-4.8pp | 36.89%-22.6pp | 26.06%-11.8pp |
| Employer contribution / active EE | $2,370 | $1,556+52.3% | $2,399-1.2% | $2,596-8.7% |
| Participant deferral / active EE | $4,239 | $3,100+36.7% | $4,137+2.5% | $4,274-0.8% |
| Admin fee / account holder | $4,388 | $6,537-32.9% | $9,741-55.0% | $7,775-43.6% |