Filed March 4, 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 | $151,295 | $71,215+112.4% | $93,696+61.5% | $80,935+86.9% |
| Participation rate | 100.0% | 60.4%+39.6pp | 68.7%+31.3pp | 67.7%+32.3pp |
| Annual return | 25.43% | 11.27%+14.2pp | 133.74%-108.3pp | 35.66%-10.2pp |
| Employer contribution / active EE | $4,584 | $1,565+192.9% | $2,422+89.3% | $2,757+66.3% |
| Participant deferral / active EE | $4,488 | $4,037+11.2% | $4,417+1.6% | $4,299+4.4% |
| Admin fee / account holder | $15,597 | $6,958+124.2% | $8,287+88.2% | $6,924+125.2% |