Filed July 17, 2024
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Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $53,092 | $167,522-68.3% | $151,639-65.0% | $134,532-60.5% |
| Participation rate | 73.7% | 88.4%-14.7pp | 87.5%-13.8pp | 81.2%-7.5pp |
| Annual return | -9.96% | 7.81%-17.8pp | 3.34%-13.3pp | 418.27%-428.2pp |
| Employer contribution / active EE | $1,803 | $6,828-73.6% | $6,165-70.8% | $4,741-62.0% |
| Participant deferral / active EE | $3,131 | $8,986-65.2% | $8,363-62.6% | $6,401-51.1% |
| Admin fee / account holder | $38,980 | $13,780+182.9% | $11,613+235.7% | $11,429+241.1% |