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 | $18,396 | $52,967-65.3% | $172,753-89.4% | $65,186-71.8% |
| Participation rate | 97.5% | 66.2%+31.3pp | 82.6%+14.9pp | 70.2%+27.3pp |
| Annual return | 19.96% | 30.12%-10.2pp | 803.00%-783.0pp | 29.39%-9.4pp |
| Employer contribution / active EE | $2,735 | $2,190+24.9% | $5,144-46.8% | $2,177+25.6% |
| Participant deferral / active EE | $2,512 | $2,471+1.7% | $5,198-51.7% | $3,514-28.5% |
| Admin fee / account holder | $2,304 | $472+388.1% | $13,956-83.5% | $847+171.9% |