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 | $81,457+57.2% | $103,378+23.9% | $80,911+58.3% |
| Participation rate | 74.5% | 66.8%+7.6pp | 74.5%0pp | 67.6%+6.8pp |
| Annual return | 23.79% | 25.58%-1.8pp | 24.91%-1.1pp | 35.63%-11.8pp |
| Employer contribution / active EE | $3,180 | $3,107+2.3% | $3,870-17.8% | $2,756+15.4% |
| Participant deferral / active EE | $8,601 | $3,871+122.2% | $5,058+70.1% | $4,297+100.2% |
| Admin fee / account holder | $2,774 | $6,717-58.7% | $8,401-67.0% | $6,935-60.0% |