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 | $81,504-54.7% | $102,437-63.9% | $80,959-54.4% |
| Participation rate | 88.6% | 66.9%+21.7pp | 74.5%+14.1pp | 67.7%+20.9pp |
| Annual return | 12.71% | 25.60%-12.9pp | 24.95%-12.2pp | 35.67%-23.0pp |
| Employer contribution / active EE | $2,229 | $3,104-28.2% | $3,871-42.4% | $2,757-19.1% |
| Participant deferral / active EE | $4,829 | $3,871+24.7% | $5,060-4.6% | $4,300+12.3% |
| Admin fee / account holder | $3,612 | $6,719-46.2% | $8,388-56.9% | $6,925-47.8% |