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 | $85,247 | $80,985+5.3% | $96,576-11.7% | $75,181+13.4% |
| Participation rate | 94.3% | 71.8%+22.6pp | 76.0%+18.4pp | 67.2%+27.1pp |
| Annual return | 19.30% | 27.05%-7.7pp | 25.87%-6.6pp | 160.69%-141.4pp |
| Employer contribution / active EE | $2,319 | $2,282+1.6% | $2,965-21.8% | $2,671-13.2% |
| Participant deferral / active EE | $3,383 | $3,929-13.9% | $4,851-30.3% | $4,126-18.0% |
| Admin fee / account holder | $2,345 | $6,719-65.1% | $8,253-71.6% | $5,650-58.5% |