Filed April 11, 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 | $20,945 | $84,236-75.1% | $170,435-87.7% | $70,126-70.1% |
| Participation rate | 89.6% | 70.8%+18.8pp | 83.6%+6.0pp | 69.5%+20.1pp |
| Annual return | 16.55% | 23.06%-6.5pp | 205.94%-189.4pp | 73.15%-56.6pp |
| Employer contribution / active EE | $2,736 | $3,387-19.2% | $5,432-49.6% | $2,343+16.8% |
| Participant deferral / active EE | $2,643 | $3,086-14.4% | $4,939-46.5% | $3,332-20.7% |
| Admin fee / account holder | $1,458 | $5,698-74.4% | $13,881-89.5% | $4,645-68.6% |