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 | $92,193 | $48,364+90.6% | $71,796+28.4% | $62,881+46.6% |
| Participation rate | 100.0% | 60.6%+39.4pp | 69.1%+30.9pp | 69.3%+30.7pp |
| Annual return | 5.99% | 13.16%-7.2pp | 78.04%-72.0pp | 20.14%-14.2pp |
| Employer contribution / active EE | $4,129 | $1,042+296.3% | $1,924+114.5% | $2,281+81.0% |
| Participant deferral / active EE | $3,308 | $2,091+58.2% | $2,794+18.4% | $3,203+3.3% |
| Admin fee / account holder | $502 | $3,771-86.7% | $4,815-89.6% | $4,296-88.3% |