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 | $37,586 | $44,221-15.0% | $121,220-69.0% | $56,289-33.2% |
| Participation rate | 88.9% | 61.1%+27.8pp | 71.8%+17.1pp | 69.9%+19.0pp |
| Annual return | -5.95% | -3.58%-2.4pp | 16.94%-22.9pp | -9.96%+4.0pp |
| Employer contribution / active EE | $786 | $1,480-46.9% | $4,023-80.4% | $2,111-62.7% |
| Participant deferral / active EE | $5,838 | $2,521+131.6% | $3,345+74.5% | $3,350+74.3% |
| Admin fee / account holder | $1,331 | $480+177.2% | $5,021-73.5% | $521+155.6% |