Filed December 16, 2022
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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 | $75,936 | $81,358-6.7% | $155,556-51.2% | $80,959-6.2% |
| Participation rate | 97.6% | 66.3%+31.4pp | 78.2%+19.4pp | 67.7%+30.0pp |
| Annual return | 12.82% | 33.39%-20.6pp | 64.84%-52.0pp | 35.67%-22.9pp |
| Employer contribution / active EE | $2,498 | $3,106-19.6% | $4,675-46.6% | $2,757-9.4% |
| Participant deferral / active EE | $4,461 | $3,455+29.1% | $5,631-20.8% | $4,300+3.7% |
| Admin fee / account holder | $7,182 | $7,994-10.2% | $15,885-54.8% | $6,925+3.7% |