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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,814 | $57,352-63.7% | $83,830-75.2% | $64,173-67.6% |
| Participation rate | 79.5% | 68.6%+10.9pp | 76.1%+3.4pp | 69.6%+10.0pp |
| Annual return | -9.81% | 11.38%-21.2pp | 850.97%-860.8pp | 7.63%-17.4pp |
| Employer contribution / active EE | $5,859 | $2,546+130.2% | $3,631+61.4% | $2,381+146.1% |
| Participant deferral / active EE | $3,292 | $2,993+10.0% | $4,082-19.3% | $3,470-5.1% |
| Admin fee / account holder | $2,352 | $4,046-41.9% | $5,479-57.1% | $4,887-51.9% |