Filed March 29, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $222,484 | $88,042+152.7% | $138,135+61.1% | $79,852+178.6% |
| Participation rate | 97.4% | 71.4%+26.0pp | 78.7%+18.7pp | 69.6%+27.8pp |
| Annual return | 6.92% | 20.58%-13.7pp | 20.51%-13.6pp | 31.72%-24.8pp |
| Employer contribution / active EE | $14,540 | $3,103+368.5% | $5,587+160.3% | $2,471+488.4% |
| Participant deferral / active EE | $7,895 | $4,704+67.8% | $6,431+22.8% | $3,740+111.1% |
| Admin fee / account holder | $6,093 | $7,791-21.8% | $11,856-48.6% | $5,306+14.8% |