Filed June 16, 2023
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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 | $57,247 | $77,816-26.4% | $123,552-53.7% | $64,173-10.8% |
| Participation rate | 70.9% | 74.7%-3.8pp | 82.3%-11.4pp | 69.6%+1.3pp |
| Annual return | -5.31% | 12.49%-17.8pp | 119.20%-124.5pp | 7.63%-12.9pp |
| Employer contribution / active EE | $1,270 | $3,014-57.9% | $4,628-72.6% | $2,381-46.6% |
| Participant deferral / active EE | $3,179 | $5,240-39.3% | $6,426-50.5% | $3,470-8.4% |
| Admin fee / account holder | $7,013 | $5,519+27.1% | $9,285-24.5% | $4,887+43.5% |