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 | $86,949-59.1% | $102,460-65.3% | $80,959-56.1% |
| Participation rate | 76.7% | 72.4%+4.3pp | 76.5%+0.2pp | 67.7%+9.0pp |
| Annual return | 21.75% | 18.89%+2.9pp | 29.47%-7.7pp | 35.67%-13.9pp |
| Employer contribution / active EE | $1,800 | $2,370-24.0% | $3,025-40.5% | $2,757-34.7% |
| Participant deferral / active EE | $3,231 | $4,121-21.6% | $5,056-36.1% | $4,300-24.9% |
| Admin fee / account holder | $2,515 | $8,048-68.8% | $9,460-73.4% | $6,925-63.7% |