Filed January 18, 2024
Total covered: 2 employees
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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 | $43,828 | $56,894-23.0% | $84,753-48.3% | $62,881-30.3% |
| Participation rate | 84.8% | 68.5%+16.3pp | 76.6%+8.3pp | 69.3%+15.5pp |
| Annual return | -5.09% | 6.30%-11.4pp | 22.78%-27.9pp | 20.14%-25.2pp |
| Employer contribution / active EE | $2,675 | $2,400+11.4% | $3,574-25.2% | $2,281+17.3% |
| Participant deferral / active EE | $5,880 | $2,709+117.1% | $3,712+58.4% | $3,203+83.6% |
| Admin fee / account holder | $7,025 | $3,581+96.2% | $5,333+31.7% | $4,296+63.5% |