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.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,174 | $73,978-11.9% | $96,515-32.5% | $75,173-13.3% |
| Participation rate | 91.9% | 66.4%+25.4pp | 74.3%+17.5pp | 67.2%+24.7pp |
| Annual return | 17.90% | 26.72%-8.8pp | 35.73%-17.8pp | 160.72%-142.8pp |
| Employer contribution / active EE | $6,528 | $2,931+122.7% | $3,740+74.6% | $2,671+144.4% |
| Participant deferral / active EE | $3,428 | $3,660-6.3% | $4,880-29.7% | $4,126-16.9% |
| Admin fee / account holder | $2,851 | $5,219-45.4% | $6,735-57.7% | $5,651-49.5% |