Filed March 22, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,128 | $76,401-14.8% | $106,387-38.8% | $64,173+1.5% |
| Participation rate | 100.0% | 73.5%+26.5pp | 77.5%+22.5pp | 69.6%+30.4pp |
| Annual return | -0.96% | -2.19%+1.2pp | 0.25%-1.2pp | 7.63%-8.6pp |
| Employer contribution / active EE | $4,024 | $2,680+50.1% | $3,520+14.3% | $2,381+69.0% |
| Participant deferral / active EE | $2,104 | $4,274-50.8% | $5,421-61.2% | $3,470-39.4% |
| Admin fee / account holder | $4,045 | $4,610-12.3% | $7,510-46.1% | $4,887-17.2% |