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 | $81,446-0.9% | $103,374-21.9% | $80,874-0.2% |
| Participation rate | 92.6% | 66.9%+25.7pp | 74.5%+18.1pp | 67.6%+24.9pp |
| Annual return | 13.09% | 25.57%-12.5pp | 24.89%-11.8pp | 35.62%-22.5pp |
| Employer contribution / active EE | $6,189 | $3,107+99.2% | $3,869+60.0% | $2,756+124.6% |
| Participant deferral / active EE | $4,820 | $3,870+24.6% | $5,058-4.7% | $4,297+12.2% |
| Admin fee / account holder | $1,321 | $6,715-80.3% | $8,394-84.3% | $6,935-80.9% |