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 | $54,113 | $43,075+25.6% | $74,577-27.4% | $62,881-13.9% |
| Participation rate | 76.9% | 58.1%+18.9pp | 68.1%+8.8pp | 69.3%+7.6pp |
| Annual return | 7.75% | 17.50%-9.8pp | 20.47%-12.7pp | 20.14%-12.4pp |
| Employer contribution / active EE | $1,333 | $1,498-11.0% | $2,525-47.2% | $2,281-41.5% |
| Participant deferral / active EE | $2,362 | $2,389-1.2% | $3,458-31.7% | $3,203-26.3% |
| Admin fee / account holder | $4,526 | $2,840+59.4% | $4,138+9.4% | $4,296+5.4% |