Filed April 28, 2020 (most recent of 5 filings on file)
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Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $218,049 | $79,894+172.9% | $135,792+60.6% | $82,637+163.9% |
| Participation rate | 100.0% | 63.0%+37.0pp | 72.6%+27.4pp | 68.1%+31.9pp |
| Annual return | 12.36% | 17.20%-4.8pp | 25.96%-13.6pp | 53.51%-41.1pp |
| Employer contribution / active EE | $0 | $2,165-100.0% | $3,496-100.0% | $2,552-100.0% |
| Participant deferral / active EE | $8,323 | $3,194+160.6% | $4,759+74.9% | $4,126+101.7% |
| Admin fee / account holder | $20,379 | $6,434+216.7% | $12,266+66.1% | $7,339+177.7% |