Filed August 31, 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 | $128,045 | $81,504+57.1% | $102,437+25.0% | $80,959+58.2% |
| Participation rate | 74.5% | 66.9%+7.6pp | 74.5%0pp | 67.7%+6.8pp |
| Annual return | 23.79% | 25.60%-1.8pp | 24.95%-1.2pp | 35.67%-11.9pp |
| Employer contribution / active EE | $3,180 | $3,104+2.5% | $3,871-17.8% | $2,757+15.3% |
| Participant deferral / active EE | $8,601 | $3,871+122.2% | $5,060+70.0% | $4,300+100.0% |
| Admin fee / account holder | $2,774 | $6,719-58.7% | $8,388-66.9% | $6,925-60.0% |