Filed September 9, 2024
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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 | $30,853 | $72,177-57.3% | $115,037-73.2% | $59,633-48.3% |
| Participation rate | 73.9% | 72.6%+1.3pp | 81.4%-7.5pp | 68.7%+5.2pp |
| Annual return | 0.26% | 12.02%-11.8pp | 26.14%-25.9pp | 2041.40%-2041.1pp |
| Employer contribution / active EE | $2,375 | $2,841-16.4% | $4,608-48.5% | $2,203+7.8% |
| Participant deferral / active EE | $3,045 | $4,783-36.3% | $6,026-49.5% | $3,192-4.6% |
| Admin fee / account holder | $1,454 | $4,927-70.5% | $8,175-82.2% | $4,297-66.2% |