Filed February 24, 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 | $84,209 | $109,359-23.0% | $162,177-48.1% | $72,975+15.4% |
| Participation rate | 89.3% | 84.3%+5.0pp | 87.6%+1.7pp | 69.5%+19.8pp |
| Annual return | 24.81% | 25.46%-0.7pp | 115.60%-90.8pp | 81.01%-56.2pp |
| Employer contribution / active EE | $8,983 | $3,907+129.9% | $5,613+60.0% | $2,440+268.2% |
| Participant deferral / active EE | $14,384 | $5,481+162.4% | $7,297+97.1% | $3,608+298.7% |
| Admin fee / account holder | $745 | $7,972-90.7% | $10,843-93.1% | $5,124-85.5% |