Filed April 21, 2021
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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 | $130,329 | $77,817+67.5% | $123,553+5.5% | $64,173+103.1% |
| Participation rate | 98.0% | 74.7%+23.3pp | 82.3%+15.7pp | 69.6%+28.5pp |
| Annual return | 4.77% | 12.49%-7.7pp | 119.21%-114.4pp | 7.63%-2.9pp |
| Employer contribution / active EE | $5,867 | $3,014+94.7% | $4,628+26.8% | $2,381+146.4% |
| Participant deferral / active EE | $6,689 | $5,240+27.6% | $6,426+4.1% | $3,470+92.8% |
| Admin fee / account holder | $10,535 | $5,519+90.9% | $9,284+13.5% | $4,887+115.6% |