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 | $57,073-11.8% | $85,126-40.9% | $80,925-37.8% |
| Participation rate | 75.0% | 56.4%+18.6pp | 67.5%+7.5pp | 67.7%+7.3pp |
| Annual return | 16.82% | 21.69%-4.9pp | 66.63%-49.8pp | 35.65%-18.8pp |
| Employer contribution / active EE | $2,273 | $1,801+26.2% | $2,731-16.8% | $2,756-17.5% |
| Participant deferral / active EE | $4,381 | $3,113+40.7% | $4,523-3.1% | $4,299+1.9% |
| Admin fee / account holder | $54,140 | $4,988+985.5% | $6,160+778.9% | $6,940+680.1% |