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 | $43,749+102.9% | $158,223-43.9% | $65,306+35.9% |
| Participation rate | 71.1% | 56.9%+14.2pp | 79.2%-8.1pp | 57.7%+13.4pp |
| Annual return | 12.55% | 19.41%-6.9pp | 52.09%-39.5pp | 21.94%-9.4pp |
| Employer contribution / active EE | $2,711 | $1,497+81.1% | $4,109-34.0% | $1,967+37.8% |
| Participant deferral / active EE | $4,879 | $2,019+141.6% | $5,467-10.8% | $2,959+64.9% |
| Admin fee / account holder | $9,133 | $1,930+373.2% | $16,047-43.1% | $3,480+162.5% |