Filed February 7, 2024
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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 | $35,542 | $86,922-59.1% | $102,438-65.3% | $80,874-56.1% |
| Participation rate | 76.7% | 72.4%+4.3pp | 76.5%+0.2pp | 67.6%+9.0pp |
| Annual return | 21.75% | 18.90%+2.8pp | 29.37%-7.6pp | 35.62%-13.9pp |
| Employer contribution / active EE | $1,800 | $2,369-24.0% | $3,024-40.5% | $2,756-34.7% |
| Participant deferral / active EE | $3,231 | $4,119-21.5% | $5,054-36.1% | $4,297-24.8% |
| Admin fee / account holder | $2,515 | $8,050-68.8% | $9,448-73.4% | $6,935-63.7% |