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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,888 | $63,156-41.6% | $122,354-69.9% | $62,293-40.8% |
| Participation rate | 85.5% | 60.0%+25.4pp | 71.6%+13.8pp | 69.5%+15.9pp |
| Annual return | 20.24% | 20.61%-0.4pp | 30.28%-10.0pp | 28.90%-8.7pp |
| Employer contribution / active EE | $705 | $1,385-49.1% | $4,051-82.6% | $2,042-65.5% |
| Participant deferral / active EE | $5,812 | $2,321+150.4% | $3,287+76.8% | $3,169+83.4% |
| Admin fee / account holder | $2,457 | $440+458.5% | $5,479-55.2% | $479+412.6% |