Filed April 24, 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 | $72,459 | $112,112-35.4% | $95,956-24.5% | $158,950-54.4% |
| Participation rate | 95.7% | 79.0%+16.7pp | 77.1%+18.6pp | 82.0%+13.7pp |
| Annual return | 6.09% | 171.15%-165.1pp | 91.63%-85.5pp | 302.91%-296.8pp |
| Employer contribution / active EE | $2,798 | $3,199-12.5% | $2,541+10.1% | $4,762-41.2% |
| Participant deferral / active EE | $6,069 | $4,784+26.9% | $4,167+45.7% | $5,983+1.4% |
| Admin fee / account holder | $52,515 | $10,134+418.2% | $6,797+672.6% | $11,248+366.9% |