Filed August 21, 2024
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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 | $22,110 | $37,134-40.5% | $100,671-78.0% | $52,331-57.8% |
| Participation rate | 75.9% | 57.7%+18.3pp | 70.7%+5.2pp | 68.1%+7.8pp |
| Annual return | 2.05% | 0.10%+1.9pp | 20.43%-18.4pp | 4.54%-2.5pp |
| Employer contribution / active EE | $408 | $1,187-65.6% | $4,012-89.8% | $1,882-78.3% |
| Participant deferral / active EE | $4,801 | $2,163+121.9% | $3,144+52.7% | $3,022+58.9% |
| Admin fee / account holder | $1,488 | $467+218.8% | $4,850-69.3% | $592+151.6% |