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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,323 | $45,872-53.5% | $77,100-72.3% | $68,490-68.9% |
| Participation rate | 86.8% | 55.9%+30.8pp | 67.9%+18.8pp | 67.9%+18.9pp |
| Annual return | -11.72% | 1.73%-13.4pp | 42.35%-54.1pp | -7.85%-3.9pp |
| Employer contribution / active EE | $1,877 | $1,650+13.8% | $2,815-33.3% | $2,597-27.7% |
| Participant deferral / active EE | $5,287 | $2,963+78.4% | $4,430+19.4% | $4,028+31.3% |
| Admin fee / account holder | $1,118 | $3,041-63.2% | $5,443-79.5% | $5,403-79.3% |