Filed December 17, 2020
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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 | $17,630 | $56,894-69.0% | $84,753-79.2% | $62,881-72.0% |
| Participation rate | 72.2% | 68.5%+3.7pp | 76.6%-4.4pp | 69.3%+2.9pp |
| Annual return | 9.82% | 6.30%+3.5pp | 22.78%-13.0pp | 20.14%-10.3pp |
| Employer contribution / active EE | $280 | $2,400-88.3% | $3,574-92.2% | $2,281-87.7% |
| Participant deferral / active EE | $2,232 | $2,709-17.6% | $3,712-39.9% | $3,203-30.3% |
| Admin fee / account holder | $986 | $3,581-72.5% | $5,333-81.5% | $4,296-77.1% |