Filed March 29, 2021
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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 | $151,769 | $54,541+178.3% | $78,778+92.7% | $70,126+116.4% |
| Participation rate | 73.2% | 60.8%+12.4pp | 69.2%+4.0pp | 69.5%+3.6pp |
| Annual return | 12.93% | 21.07%-8.1pp | 35.62%-22.7pp | 73.15%-60.2pp |
| Employer contribution / active EE | $1,962 | $1,089+80.2% | $1,986-1.2% | $2,343-16.2% |
| Participant deferral / active EE | $6,636 | $2,210+200.2% | $2,958+124.3% | $3,332+99.2% |
| Admin fee / account holder | $4,823 | $3,709+30.1% | $5,134-6.1% | $4,645+3.8% |