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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $111,489 | $82,678+34.8% | $125,391-11.1% | $68,490+62.8% |
| Participation rate | 90.0% | 75.1%+14.9pp | 82.4%+7.6pp | 67.9%+22.1pp |
| Annual return | -20.77% | -5.97%-14.8pp | 572.41%-593.2pp | -7.85%-12.9pp |
| Employer contribution / active EE | $8,212 | $3,382+142.8% | $4,816+70.5% | $2,597+216.3% |
| Participant deferral / active EE | $16,224 | $6,111+165.5% | $7,448+117.8% | $4,028+302.8% |
| Admin fee / account holder | $12,679 | $6,277+102.0% | $10,009+26.7% | $5,403+134.7% |