Filed December 8, 2021
Total covered: 552 employees
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.
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 | $9,116 | $53,412-82.9% | $68,509-86.7% | $52,331-82.6% |
| Participation rate | 99.1% | 71.7%+27.5pp | 74.7%+24.4pp | 68.1%+31.0pp |
| Annual return | -2.22% | 3.42%-5.6pp | 8.27%-10.5pp | 4.54%-6.8pp |
| Employer contribution / active EE | $2,228 | $1,607+38.6% | $2,278-2.2% | $1,882+18.4% |
| Participant deferral / active EE | $0 | $2,688-100.0% | $3,382-100.0% | $3,022-100.0% |
| Admin fee / account holder | $568 | $461+23.2% | $5,275-89.2% | $592-4.1% |