Filed April 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 | $36,941 | $81,446-54.6% | $103,374-64.3% | $80,874-54.3% |
| Participation rate | 88.6% | 66.9%+21.7pp | 74.5%+14.1pp | 67.6%+20.9pp |
| Annual return | 12.71% | 25.57%-12.9pp | 24.89%-12.2pp | 35.62%-22.9pp |
| Employer contribution / active EE | $2,229 | $3,107-28.3% | $3,869-42.4% | $2,756-19.1% |
| Participant deferral / active EE | $4,829 | $3,870+24.8% | $5,058-4.5% | $4,297+12.4% |
| Admin fee / account holder | $3,612 | $6,715-46.2% | $8,394-57.0% | $6,935-47.9% |