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 | $77,574-20.2% | $108,753-43.1% | $86,983-28.8% |
| Participation rate | 86.3% | 62.3%+24.0pp | 71.1%+15.2pp | 69.5%+16.7pp |
| Annual return | 14.26% | 18.42%-4.2pp | 37.47%-23.2pp | 25.83%-11.6pp |
| Employer contribution / active EE | $2,370 | $1,611+47.1% | $2,427-2.3% | $2,584-8.3% |
| Participant deferral / active EE | $4,239 | $3,128+35.5% | $4,115+3.0% | $4,194+1.1% |
| Admin fee / account holder | $4,388 | $6,529-32.8% | $10,320-57.5% | $7,856-44.1% |