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 | $57,140-12.0% | $85,240-41.0% | $80,959-37.9% |
| Participation rate | 75.0% | 56.4%+18.6pp | 67.5%+7.5pp | 67.7%+7.3pp |
| Annual return | 16.82% | 21.71%-4.9pp | 66.75%-49.9pp | 35.67%-18.9pp |
| Employer contribution / active EE | $2,273 | $1,802+26.1% | $2,735-16.9% | $2,757-17.6% |
| Participant deferral / active EE | $4,381 | $3,115+40.6% | $4,527-3.2% | $4,300+1.9% |
| Admin fee / account holder | $54,140 | $4,992+984.6% | $6,165+778.2% | $6,925+681.8% |