Filed February 1, 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 | $150,285 | $105,198+42.9% | $159,455-5.8% | $85,856+75.0% |
| Participation rate | 85.2% | 75.8%+9.4pp | 82.8%+2.4pp | 69.3%+15.9pp |
| Annual return | 16.91% | 45.08%-28.2pp | 263.63%-246.7pp | 318.58%-301.7pp |
| Employer contribution / active EE | $7,164 | $3,319+115.8% | $4,830+48.3% | $2,565+179.3% |
| Participant deferral / active EE | $13,694 | $5,946+130.3% | $7,353+86.2% | $3,952+246.5% |
| Admin fee / account holder | $9,570 | $6,934+38.0% | $10,800-11.4% | $6,261+52.9% |