Filed March 5, 2024 (most recent of 3 filings on file)
Total covered: 2 employees
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Participant 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 | $53,538 | $137,414-61.0% | $189,545-71.8% | $85,851-37.6% |
| Participation rate | 94.4% | 84.6%+9.8pp | 87.8%+6.6pp | 69.3%+25.1pp |
| Annual return | 14.81% | 38.14%-23.3pp | 555.36%-540.6pp | 318.63%-303.8pp |
| Employer contribution / active EE | $2,539 | $4,344-41.6% | $6,162-58.8% | $2,565-1.0% |
| Participant deferral / active EE | $2,876 | $6,260-54.1% | $8,220-65.0% | $3,952-27.2% |
| Admin fee / account holder | $4,540 | $8,630-47.4% | $12,049-62.3% | $6,261-27.5% |