Filed October 3, 2022
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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 | $175,345 | $125,797+39.4% | $170,043+3.1% | $75,173+133.3% |
| Participation rate | 100.0% | 83.6%+16.4pp | 87.0%+13.0pp | 67.2%+32.8pp |
| Annual return | 18.39% | 27.20%-8.8pp | 53.40%-35.0pp | 160.72%-142.3pp |
| Employer contribution / active EE | $17,321 | $4,616+275.2% | $6,790+155.1% | $2,671+548.5% |
| Participant deferral / active EE | $14,239 | $6,838+108.2% | $10,410+36.8% | $4,126+245.1% |
| Admin fee / account holder | $18,999 | $8,177+132.4% | $12,824+48.1% | $5,651+236.2% |