Filed November 10, 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 | $96,246 | $69,977+37.5% | $108,582-11.4% | $62,881+53.1% |
| Participation rate | 100.0% | 72.9%+27.1pp | 79.6%+20.4pp | 69.3%+30.7pp |
| Annual return | 10.08% | 10.73%-0.6pp | -51.70%+61.8pp | 20.14%-10.1pp |
| Employer contribution / active EE | $3,996 | $2,135+87.2% | $3,758+6.3% | $2,281+75.2% |
| Participant deferral / active EE | $4,512 | $3,165+42.6% | $4,311+4.7% | $3,203+40.9% |
| Admin fee / account holder | $23,430 | $5,076+361.5% | $7,645+206.5% | $4,296+445.4% |