Filed November 19, 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 | $20,345 | $57,119-64.4% | $85,187-76.1% | $80,935-74.9% |
| Participation rate | 75.3% | 56.4%+18.9pp | 67.5%+7.8pp | 67.7%+7.7pp |
| Annual return | 13.56% | 21.70%-8.1pp | 66.67%-53.1pp | 35.66%-22.1pp |
| Employer contribution / active EE | $1,256 | $1,802-30.3% | $2,732-54.0% | $2,757-54.4% |
| Participant deferral / active EE | $2,195 | $3,115-29.5% | $4,525-51.5% | $4,299-48.9% |
| Admin fee / account holder | $1,410 | $4,990-71.8% | $6,162-77.1% | $6,924-79.6% |