Filed June 27, 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 | $27,960 | $106,749-73.8% | $145,433-80.8% | $82,448-66.1% |
| Participation rate | 89.4% | 75.6%+13.7pp | 82.1%+7.2pp | 68.1%+21.3pp |
| Annual return | 19.71% | 27.59%-7.9pp | 66.58%-46.9pp | 41.64%-21.9pp |
| Employer contribution / active EE | $2,515 | $3,444-27.0% | $4,554-44.8% | $2,551-1.4% |
| Participant deferral / active EE | $5,394 | $6,519-17.2% | $7,897-31.7% | $4,139+30.3% |
| Admin fee / account holder | $774 | $8,390-90.8% | $13,129-94.1% | $7,234-89.3% |