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 | $86,922+16.9% | $102,438-0.8% | $80,874+25.6% |
| Participation rate | 94.3% | 72.4%+22.0pp | 76.5%+17.8pp | 67.6%+26.7pp |
| Annual return | 15.88% | 18.90%-3.0pp | 29.37%-13.5pp | 35.62%-19.7pp |
| Employer contribution / active EE | $2,398 | $2,369+1.2% | $3,024-20.7% | $2,756-13.0% |
| Participant deferral / active EE | $3,614 | $4,119-12.3% | $5,054-28.5% | $4,297-15.9% |
| Admin fee / account holder | $9,499 | $8,050+18.0% | $9,448+0.5% | $6,935+37.0% |