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 | $78,690+195.9% | $161,489+44.2% | $87,485+166.2% |
| Participation rate | 100.0% | 67.5%+32.5pp | 78.7%+21.3pp | 68.9%+31.1pp |
| Annual return | 16.38% | 32.74%-16.4pp | 89.72%-73.3pp | 26.06%-9.7pp |
| Employer contribution / active EE | $9,775 | $2,588+277.7% | $4,268+129.0% | $2,596+276.5% |
| Participant deferral / active EE | $8,398 | $3,311+153.7% | $5,630+49.2% | $4,274+96.5% |
| Admin fee / account holder | $4,987 | $6,724-25.8% | $16,006-68.8% | $7,775-35.9% |