Filed December 17, 2020
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,054 | $63,346-69.9% | $92,239-79.3% | $70,124-72.8% |
| Participation rate | 100.0% | 68.7%+31.3pp | 76.5%+23.5pp | 69.5%+30.5pp |
| Annual return | 17.12% | 530.19%-513.1pp | 176.29%-159.2pp | 73.14%-56.0pp |
| Employer contribution / active EE | $3,770 | $2,471+52.6% | $3,680+2.5% | $2,342+60.9% |
| Participant deferral / active EE | $3,068 | $2,854+7.5% | $3,897-21.3% | $3,332-7.9% |
| Admin fee / account holder | $1,064 | $3,841-72.3% | $5,194-79.5% | $4,645-77.1% |