Filed November 7, 2019
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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 | $80,054 | $89,370-10.4% | $141,197-43.3% | $72,976+9.7% |
| Participation rate | 88.5% | 75.1%+13.4pp | 82.5%+6.0pp | 69.5%+19.0pp |
| Annual return | 23.45% | 111.88%-88.4pp | 71.41%-48.0pp | 81.02%-57.6pp |
| Employer contribution / active EE | $0 | $3,115-100.0% | $4,736-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $5,938 | $5,419+9.6% | $6,710-11.5% | $3,608+64.6% |
| Admin fee / account holder | $3,190 | $5,957-46.4% | $10,265-68.9% | $5,124-37.7% |