Filed January 4, 2024
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,001 | $157,304-92.4% | $141,197-91.5% | $152,909-92.2% |
| Participation rate | 88.2% | 84.8%+3.4pp | 82.5%+5.8pp | 82.5%+5.8pp |
| Annual return | 34.57% | 64.34%-29.8pp | 71.41%-36.8pp | 345.46%-310.9pp |
| Employer contribution / active EE | $1,265 | $5,263-76.0% | $4,736-73.3% | $4,764-73.4% |
| Participant deferral / active EE | $6,325 | $7,111-11.1% | $6,710-5.7% | $5,851+8.1% |
| Admin fee / account holder | $472 | $12,126-96.1% | $10,265-95.4% | $11,601-95.9% |