Filed September 17, 2024
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,241 | $56,894+44.6% | $84,753-3.0% | $62,881+30.8% |
| Participation rate | 100.0% | 68.5%+31.5pp | 76.6%+23.4pp | 69.3%+30.7pp |
| Annual return | 4.94% | 6.30%-1.4pp | 22.78%-17.8pp | 20.14%-15.2pp |
| Employer contribution / active EE | $8,720 | $2,400+263.4% | $3,574+144.0% | $2,281+282.3% |
| Participant deferral / active EE | $0 | $2,709-100.0% | $3,712-100.0% | $3,203-100.0% |
| Admin fee / account holder | $3,703 | $3,581+3.4% | $5,333-30.6% | $4,296-13.8% |