Filed December 22, 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 | $88,752 | $43,496+104.0% | $161,489-45.0% | $64,340+37.9% |
| Participation rate | 71.1% | 53.5%+17.5pp | 78.7%-7.6pp | 55.2%+15.8pp |
| Annual return | 12.55% | 20.76%-8.2pp | 89.72%-77.2pp | 24.14%-11.6pp |
| Employer contribution / active EE | $2,711 | $1,431+89.5% | $4,268-36.5% | $1,862+45.6% |
| Participant deferral / active EE | $4,879 | $1,996+144.4% | $5,630-13.3% | $2,980+63.7% |
| Admin fee / account holder | $9,133 | $2,330+291.9% | $16,006-42.9% | $3,703+146.7% |