Filed May 25, 2023
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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 | $50,011 | $72,273-30.8% | $101,275-50.6% | $79,856-37.4% |
| Participation rate | 94.9% | 68.5%+26.4pp | 75.8%+19.1pp | 69.6%+25.2pp |
| Annual return | 17.00% | 22.30%-5.3pp | 46.48%-29.5pp | 31.71%-14.7pp |
| Employer contribution / active EE | $6,204 | $2,691+130.5% | $3,660+69.5% | $2,471+151.0% |
| Participant deferral / active EE | $4,166 | $3,282+26.9% | $4,371-4.7% | $3,741+11.4% |
| Admin fee / account holder | $2,988 | $4,401-32.1% | $5,948-49.8% | $5,306-43.7% |