Filed August 11, 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 | $101,602 | $86,940+16.9% | $102,434-0.8% | $80,935+25.5% |
| Participation rate | 94.3% | 72.4%+22.0pp | 76.5%+17.8pp | 67.7%+26.7pp |
| Annual return | 15.88% | 18.89%-3.0pp | 29.46%-13.6pp | 35.66%-19.8pp |
| Employer contribution / active EE | $2,398 | $2,370+1.2% | $3,023-20.7% | $2,757-13.0% |
| Participant deferral / active EE | $3,614 | $4,121-12.3% | $5,055-28.5% | $4,299-15.9% |
| Admin fee / account holder | $9,499 | $8,047+18.0% | $9,462+0.4% | $6,924+37.2% |