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 | $105,200 | $109,359-3.8% | $162,185-35.1% | $72,976+44.2% |
| Participation rate | 98.8% | 84.3%+14.5pp | 87.6%+11.2pp | 69.5%+29.3pp |
| Annual return | 19.41% | 25.46%-6.0pp | 115.61%-96.2pp | 81.02%-61.6pp |
| Employer contribution / active EE | $3,446 | $3,907-11.8% | $5,613-38.6% | $2,440+41.2% |
| Participant deferral / active EE | $3,558 | $5,481-35.1% | $7,297-51.2% | $3,608-1.4% |
| Admin fee / account holder | $20,087 | $7,972+152.0% | $10,844+85.2% | $5,124+292.0% |