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.)
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 | $32,565 | $75,183-56.7% | $123,894-73.7% | $55,167-41.0% |
| Participation rate | 79.8% | 72.8%+7.0pp | 81.4%-1.6pp | 69.0%+10.8pp |
| Annual return | 8.65% | 19.01%-10.4pp | 47.52%-38.9pp | 169.23%-160.6pp |
| Employer contribution / active EE | $2,204 | $2,823-21.9% | $4,617-52.3% | $1,963+12.3% |
| Participant deferral / active EE | $3,315 | $5,084-34.8% | $5,984-44.6% | $3,054+8.5% |
| Admin fee / account holder | $798 | $663+20.5% | $8,357-90.4% | $504+58.4% |