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 | $81,476-0.9% | $102,383-21.2% | $80,925-0.3% |
| Participation rate | 92.6% | 66.8%+25.7pp | 74.5%+18.1pp | 67.7%+24.9pp |
| Annual return | 13.09% | 25.59%-12.5pp | 24.94%-11.8pp | 35.65%-22.6pp |
| Employer contribution / active EE | $6,189 | $3,105+99.3% | $3,870+59.9% | $2,756+124.5% |
| Participant deferral / active EE | $4,820 | $3,871+24.5% | $5,060-4.7% | $4,299+12.1% |
| Admin fee / account holder | $1,321 | $6,717-80.3% | $8,391-84.3% | $6,940-81.0% |