Filed April 12, 2024
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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 | $232,846 | $77,814+199.2% | $158,223+47.2% | $86,983+167.7% |
| Participation rate | 100.0% | 68.4%+31.6pp | 79.2%+20.8pp | 69.5%+30.5pp |
| Annual return | 16.38% | 30.54%-14.2pp | 52.09%-35.7pp | 25.83%-9.5pp |
| Employer contribution / active EE | $9,775 | $2,592+277.1% | $4,109+137.9% | $2,584+278.2% |
| Participant deferral / active EE | $8,398 | $3,270+156.9% | $5,467+53.6% | $4,194+100.2% |
| Admin fee / account holder | $4,987 | $5,879-15.2% | $16,047-68.9% | $7,856-36.5% |