Filed February 7, 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 | $50,559 | $86,701-41.7% | $73,309-31.0% | $125,389-59.7% |
| Participation rate | 72.2% | 78.6%-6.4pp | 74.9%-2.7pp | 83.2%-11.0pp |
| Annual return | 0.58% | 2.78%-2.2pp | 5.67%-5.1pp | 282.24%-281.7pp |
| Employer contribution / active EE | $2,326 | $4,152-44.0% | $3,237-28.1% | $4,866-52.2% |
| Participant deferral / active EE | $6,467 | $5,549+16.5% | $4,991+29.6% | $5,352+20.8% |
| Admin fee / account holder | $575 | $7,768-92.6% | $5,635-89.8% | $9,541-94.0% |