Filed April 19, 2022
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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 | $50,311 | $57,057-11.8% | $85,009-40.8% | $80,874-37.8% |
| Participation rate | 75.0% | 56.4%+18.6pp | 67.5%+7.5pp | 67.6%+7.4pp |
| Annual return | 16.82% | 21.66%-4.8pp | 66.47%-49.7pp | 35.62%-18.8pp |
| Employer contribution / active EE | $2,273 | $1,799+26.4% | $2,728-16.7% | $2,756-17.5% |
| Participant deferral / active EE | $4,381 | $3,112+40.8% | $4,522-3.1% | $4,297+2.0% |
| Admin fee / account holder | $54,140 | $4,986+985.8% | $6,153+780.0% | $6,935+680.7% |