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 | $59,090 | $62,589-5.6% | $76,768-23.0% | $64,173-7.9% |
| Participation rate | 96.2% | 72.8%+23.4pp | 77.0%+19.3pp | 69.6%+26.7pp |
| Annual return | -5.83% | -1.95%-3.9pp | 2.43%-8.3pp | 7.63%-13.5pp |
| Employer contribution / active EE | $2,101 | $1,832+14.7% | $2,485-15.5% | $2,381-11.8% |
| Participant deferral / active EE | $3,172 | $3,145+0.9% | $3,852-17.6% | $3,470-8.6% |
| Admin fee / account holder | $13,267 | $4,667+184.3% | $6,675+98.7% | $4,887+171.5% |