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 | $54,501 | $48,267+12.9% | $68,808-20.8% | $68,486-20.4% |
| Participation rate | 95.5% | 60.7%+34.8pp | 69.0%+26.4pp | 67.9%+27.6pp |
| Annual return | -15.67% | -12.70%-3.0pp | -6.37%-9.3pp | -7.85%-7.8pp |
| Employer contribution / active EE | $2,030 | $1,829+11.0% | $2,656-23.6% | $2,597-21.8% |
| Participant deferral / active EE | $4,358 | $2,867+52.0% | $3,942+10.6% | $4,028+8.2% |
| Admin fee / account holder | $3,452 | $4,362-20.9% | $4,936-30.1% | $5,404-36.1% |