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 | $53,887 | $60,349-10.7% | $74,184-27.4% | $62,881-14.3% |
| Participation rate | 94.8% | 72.7%+22.1pp | 76.6%+18.2pp | 69.3%+25.5pp |
| Annual return | 7.57% | 21.38%-13.8pp | 17.74%-10.2pp | 20.14%-12.6pp |
| Employer contribution / active EE | $1,941 | $1,680+15.5% | $2,370-18.1% | $2,281-14.9% |
| Participant deferral / active EE | $2,693 | $2,856-5.7% | $3,550-24.1% | $3,203-15.9% |
| Admin fee / account holder | $5,789 | $4,261+35.9% | $5,586+3.6% | $4,296+34.8% |