Filed January 31, 2023
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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 | $59,322 | $84,236-29.6% | $170,435-65.2% | $70,126-15.4% |
| Participation rate | 85.7% | 70.8%+14.9pp | 83.6%+2.1pp | 69.5%+16.2pp |
| Annual return | 20.85% | 23.06%-2.2pp | 205.94%-185.1pp | 73.15%-52.3pp |
| Employer contribution / active EE | $7,693 | $3,387+127.1% | $5,432+41.6% | $2,343+228.4% |
| Participant deferral / active EE | $5,816 | $3,086+88.5% | $4,939+17.7% | $3,332+74.5% |
| Admin fee / account holder | $2,768 | $5,698-51.4% | $13,881-80.1% | $4,645-40.4% |