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 | $99,220 | $91,179+8.8% | $178,499-44.4% | $79,852+24.3% |
| Participation rate | 100.0% | 69.2%+30.8pp | 81.9%+18.1pp | 69.6%+30.4pp |
| Annual return | 15.83% | 24.19%-8.4pp | 151.10%-135.3pp | 31.72%-15.9pp |
| Employer contribution / active EE | $1,850 | $3,256-43.2% | $5,011-63.1% | $2,471-25.1% |
| Participant deferral / active EE | $2,679 | $3,236-17.2% | $5,202-48.5% | $3,740-28.4% |
| Admin fee / account holder | $6,673 | $6,749-1.1% | $13,986-52.3% | $5,306+25.8% |