Filed August 3, 2023
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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 | $80,702 | $81,504-1.0% | $102,437-21.2% | $80,959-0.3% |
| Participation rate | 92.6% | 66.9%+25.7pp | 74.5%+18.1pp | 67.7%+24.9pp |
| Annual return | 13.09% | 25.60%-12.5pp | 24.95%-11.9pp | 35.67%-22.6pp |
| Employer contribution / active EE | $6,189 | $3,104+99.4% | $3,871+59.9% | $2,757+124.5% |
| Participant deferral / active EE | $4,820 | $3,871+24.5% | $5,060-4.7% | $4,300+12.1% |
| Admin fee / account holder | $1,321 | $6,719-80.3% | $8,388-84.2% | $6,925-80.9% |