Filed January 6, 2025
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,834 | $123,793-71.1% | $177,840-79.9% | $79,852-55.1% |
| Participation rate | 100.0% | 84.7%+15.3pp | 87.7%+12.3pp | 69.6%+30.4pp |
| Annual return | 21.69% | 22.82%-1.1pp | 48.32%-26.6pp | 31.72%-10.0pp |
| Employer contribution / active EE | $9,724 | $4,095+137.4% | $5,919+64.3% | $2,471+293.5% |
| Participant deferral / active EE | $6,064 | $5,956+1.8% | $7,714-21.4% | $3,740+62.1% |
| Admin fee / account holder | $2,154 | $7,243-70.3% | $12,431-82.7% | $5,306-59.4% |