Filed July 10, 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.
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $270,674 | $102,828+163.2% | $105,387+156.8% | $152,909+77.0% |
| Participation rate | 90.0% | 83.8%+6.2pp | 82.6%+7.4pp | 82.5%+7.5pp |
| Annual return | 5.53% | 20.85%-15.3pp | 26.82%-21.3pp | 345.46%-339.9pp |
| Employer contribution / active EE | $10,847 | $4,473+142.5% | $4,213+157.5% | $4,764+127.7% |
| Participant deferral / active EE | $10,306 | $5,465+88.6% | $5,502+87.3% | $5,851+76.1% |
| Admin fee / account holder | $7,156 | $8,683-17.6% | $6,559+9.1% | $11,601-38.3% |