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 | $81,403+167.9% | $147,027+48.3% | $87,485+149.2% |
| Participation rate | 100.0% | 63.4%+36.6pp | 73.7%+26.3pp | 68.9%+31.1pp |
| Annual return | 12.36% | 16.51%-4.1pp | 20.23%-7.9pp | 26.06%-13.7pp |
| Employer contribution / active EE | $0 | $2,205-100.0% | $3,626-100.0% | $2,596-100.0% |
| Participant deferral / active EE | $8,323 | $3,315+151.0% | $4,933+68.7% | $4,274+94.8% |
| Admin fee / account holder | $20,379 | $6,755+201.7% | $12,223+66.7% | $7,775+162.1% |