Filed July 1, 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 | $42,699 | $44,850-4.8% | $60,547-29.5% | $59,633-28.4% |
| Participation rate | 80.3% | 59.5%+20.9pp | 68.0%+12.4pp | 68.7%+11.7pp |
| Annual return | -2.01% | 1074.14%-1076.2pp | 335.64%-337.7pp | 2041.45%-2043.5pp |
| Employer contribution / active EE | $1,324 | $1,462-9.4% | $2,419-45.3% | $2,203-39.9% |
| Participant deferral / active EE | $3,051 | $2,230+36.8% | $3,328-8.3% | $3,192-4.4% |
| Admin fee / account holder | $2,794 | $3,635-23.1% | $4,536-38.4% | $4,297-35.0% |