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 | $63,455 | $47,848+32.6% | $81,473-22.1% | $70,126-9.5% |
| Participation rate | 73.3% | 58.3%+15.1pp | 68.0%+5.4pp | 69.5%+3.8pp |
| Annual return | 18.10% | 27.25%-9.2pp | 38.78%-20.7pp | 73.15%-55.1pp |
| Employer contribution / active EE | $1,231 | $1,527-19.4% | $2,568-52.1% | $2,343-47.4% |
| Participant deferral / active EE | $2,420 | $2,453-1.3% | $3,537-31.6% | $3,332-27.4% |
| Admin fee / account holder | $2,172 | $3,145-30.9% | $4,561-52.4% | $4,645-53.2% |