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 | $178,484 | $125,797+41.9% | $170,043+5.0% | $75,173+137.4% |
| Participation rate | 97.1% | 83.6%+13.5pp | 87.0%+10.1pp | 67.2%+29.9pp |
| Annual return | 18.50% | 27.20%-8.7pp | 53.40%-34.9pp | 160.72%-142.2pp |
| Employer contribution / active EE | $7,023 | $4,616+52.1% | $6,790+3.4% | $2,671+162.9% |
| Participant deferral / active EE | $15,961 | $6,838+133.4% | $10,410+53.3% | $4,126+286.8% |
| Admin fee / account holder | $9,720 | $8,177+18.9% | $12,824-24.2% | $5,651+72.0% |