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 | $91,468 | $78,428+16.6% | $95,960-4.7% | $79,852+14.5% |
| Participation rate | 98.0% | 73.5%+24.5pp | 77.1%+21.0pp | 69.6%+28.4pp |
| Annual return | 20.47% | 19.37%+1.1pp | 91.63%-71.2pp | 31.72%-11.3pp |
| Employer contribution / active EE | $2,271 | $1,945+16.7% | $2,541-10.7% | $2,471-8.1% |
| Participant deferral / active EE | $3,459 | $3,440+0.6% | $4,167-17.0% | $3,740-7.5% |
| Admin fee / account holder | $2,305 | $5,622-59.0% | $6,797-66.1% | $5,306-56.6% |