Filed November 18, 2022
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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 | $100,786 | $94,529+6.6% | $140,019-28.0% | $64,173+57.1% |
| Participation rate | 96.2% | 84.1%+12.1pp | 87.5%+8.7pp | 69.6%+26.6pp |
| Annual return | -4.79% | 7.77%-12.6pp | 651.17%-656.0pp | 7.63%-12.4pp |
| Employer contribution / active EE | $3,357 | $3,812-12.0% | $5,605-40.1% | $2,381+41.0% |
| Participant deferral / active EE | $3,555 | $5,250-32.3% | $6,927-48.7% | $3,470+2.4% |
| Admin fee / account holder | $8,296 | $6,741+23.1% | $10,705-22.5% | $4,887+69.7% |