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 | $89,879 | $101,752-11.7% | $164,928-45.5% | $80,911+11.1% |
| Participation rate | 100.0% | 71.8%+28.2pp | 78.6%+21.4pp | 67.6%+32.4pp |
| Annual return | 16.16% | 16.73%-0.6pp | 70.08%-53.9pp | 35.63%-19.5pp |
| Employer contribution / active EE | $5,226 | $2,953+76.9% | $4,343+20.3% | $2,756+89.6% |
| Participant deferral / active EE | $6,177 | $4,477+38.0% | $6,034+2.4% | $4,297+43.7% |
| Admin fee / account holder | $64,835 | $8,218+689.0% | $12,684+411.1% | $6,935+834.9% |