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 | $121,233 | $123,793-2.1% | $177,848-31.8% | $79,856+51.8% |
| Participation rate | 98.8% | 84.7%+14.1pp | 87.7%+11.0pp | 69.6%+29.1pp |
| Annual return | 15.75% | 22.82%-7.1pp | 48.33%-32.6pp | 31.71%-16.0pp |
| Employer contribution / active EE | $2,721 | $4,095-33.6% | $5,919-54.0% | $2,471+10.1% |
| Participant deferral / active EE | $4,342 | $5,956-27.1% | $7,714-43.7% | $3,741+16.1% |
| Admin fee / account holder | $1,709 | $7,243-76.4% | $12,431-86.3% | $5,306-67.8% |