Filed June 14, 2021
Total covered: 5 employees
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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 | $116,365 | $75,541+54.0% | $152,093-23.5% | $82,637+40.8% |
| Participation rate | 97.2% | 66.5%+30.7pp | 77.8%+19.5pp | 68.1%+29.2pp |
| Annual return | 10.32% | 32.56%-22.2pp | 66.36%-56.0pp | 53.51%-43.2pp |
| Employer contribution / active EE | $6,579 | $2,622+150.9% | $4,175+57.6% | $2,552+157.8% |
| Participant deferral / active EE | $8,935 | $3,206+178.7% | $5,451+63.9% | $4,126+116.6% |
| Admin fee / account holder | $58,535 | $6,405+813.9% | $14,497+303.8% | $7,339+697.6% |