Filed December 14, 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 | $23,712 | $86,938-72.7% | $102,423-76.8% | $80,925-70.7% |
| Participation rate | 93.8% | 72.4%+21.4pp | 76.5%+17.2pp | 67.7%+26.1pp |
| Annual return | 12.14% | 18.89%-6.7pp | 29.42%-17.3pp | 35.65%-23.5pp |
| Employer contribution / active EE | $0 | $2,369-100.0% | $3,023-100.0% | $2,756-100.0% |
| Participant deferral / active EE | $4,056 | $4,120-1.6% | $5,054-19.8% | $4,299-5.7% |
| Admin fee / account holder | $693 | $8,053-91.4% | $9,455-92.7% | $6,940-90.0% |