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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $188,315 | $76,834+145.1% | $108,359+73.8% | $87,485+115.3% |
| Participation rate | 100.0% | 61.7%+38.3pp | 70.1%+29.9pp | 68.9%+31.1pp |
| Annual return | 9.43% | 19.09%-9.7pp | 36.89%-27.5pp | 26.06%-16.6pp |
| Employer contribution / active EE | $5,225 | $1,556+235.7% | $2,399+117.8% | $2,596+101.3% |
| Participant deferral / active EE | $4,434 | $3,100+43.0% | $4,137+7.2% | $4,274+3.8% |
| Admin fee / account holder | $4,293 | $6,537-34.3% | $9,741-55.9% | $7,775-44.8% |