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 | $65,825 | $51,222+28.5% | $70,544-6.7% | $75,173-12.4% |
| Participation rate | 95.2% | 61.0%+34.2pp | 68.4%+26.8pp | 67.2%+28.0pp |
| Annual return | 16.97% | 30.06%-13.1pp | 32.79%-15.8pp | 160.72%-143.7pp |
| Employer contribution / active EE | $2,382 | $1,827+30.4% | $2,976-19.9% | $2,671-10.8% |
| Participant deferral / active EE | $5,653 | $2,850+98.3% | $4,568+23.7% | $4,126+37.0% |
| Admin fee / account holder | $2,665 | $4,096-34.9% | $6,427-58.5% | $5,651-52.8% |