Filed April 11, 2022
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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 | $77,058 | $58,828+31.0% | $78,002-1.2% | $62,881+22.5% |
| Participation rate | 93.3% | 71.1%+22.3pp | 75.5%+17.8pp | 69.3%+24.0pp |
| Annual return | 7.30% | 17.16%-9.9pp | 425.99%-418.7pp | 20.14%-12.8pp |
| Employer contribution / active EE | $1,427 | $1,672-14.7% | $2,470-42.2% | $2,281-37.5% |
| Participant deferral / active EE | $4,789 | $2,686+78.3% | $3,497+36.9% | $3,203+49.5% |
| Admin fee / account holder | $1,363 | $4,393-69.0% | $5,481-75.1% | $4,296-68.3% |