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 | $380,732 | $111,301+242.1% | $112,977+237.0% | $158,982+139.5% |
| Participation rate | 80.0% | 83.5%-3.5pp | 82.6%-2.6pp | 82.0%-2.0pp |
| Annual return | 5.72% | 26.40%-20.7pp | 24.24%-18.5pp | 302.99%-297.3pp |
| Employer contribution / active EE | $9,497 | $4,471+112.4% | $4,255+123.2% | $4,763+99.4% |
| Participant deferral / active EE | $13,068 | $5,880+122.3% | $5,836+123.9% | $5,983+118.4% |
| Admin fee / account holder | $7,563 | $8,392-9.9% | $6,294+20.2% | $11,252-32.8% |