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 | $172,330 | $110,083+56.5% | $151,639+13.6% | $68,486+151.6% |
| Participation rate | 87.1% | 84.0%+3.1pp | 87.5%-0.4pp | 67.9%+19.2pp |
| Annual return | -17.54% | -10.12%-7.4pp | 3.34%-20.9pp | -7.85%-9.7pp |
| Employer contribution / active EE | $10,127 | $4,470+126.6% | $6,165+64.3% | $2,597+290.0% |
| Participant deferral / active EE | $15,641 | $6,526+139.7% | $8,363+87.0% | $4,028+288.3% |
| Admin fee / account holder | $9,343 | $7,718+21.1% | $11,613-19.5% | $5,404+72.9% |