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 | $52,913 | $64,729-18.3% | $112,263-52.9% | $68,490-22.7% |
| Participation rate | 88.3% | 67.2%+21.2pp | 75.1%+13.2pp | 67.9%+20.4pp |
| Annual return | -14.75% | -11.40%-3.4pp | 27.49%-42.2pp | -7.85%-6.9pp |
| Employer contribution / active EE | $6,883 | $2,746+150.7% | $3,636+89.3% | $2,597+165.1% |
| Participant deferral / active EE | $3,715 | $3,566+4.2% | $4,729-21.4% | $4,028-7.8% |
| Admin fee / account holder | $5,541 | $5,222+6.1% | $6,410-13.6% | $5,403+2.6% |