Filed August 18, 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 | $90,710 | $77,901+16.4% | $149,717-39.4% | $75,181+20.7% |
| Participation rate | 78.4% | 65.6%+12.8pp | 78.8%-0.4pp | 67.2%+11.2pp |
| Annual return | 19.15% | 31.73%-12.6pp | 134.41%-115.3pp | 160.69%-141.5pp |
| Employer contribution / active EE | $2,946 | $3,137-6.1% | $4,820-38.9% | $2,671+10.3% |
| Participant deferral / active EE | $6,862 | $3,411+101.2% | $5,682+20.8% | $4,126+66.3% |
| Admin fee / account holder | $5,461 | $5,949-8.2% | $13,213-58.7% | $5,650-3.3% |