Filed November 7, 2022
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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.
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 | $5,595 | $81,504-93.1% | $102,437-94.5% | $80,959-93.1% |
| Participation rate | 96.8% | 66.9%+29.9pp | 74.5%+22.3pp | 67.7%+29.1pp |
| Annual return | 3.79% | 25.60%-21.8pp | 24.95%-21.2pp | 35.67%-31.9pp |
| Employer contribution / active EE | $1,320 | $3,104-57.5% | $3,871-65.9% | $2,757-52.1% |
| Participant deferral / active EE | $0 | $3,871-100.0% | $5,060-100.0% | $4,300-100.0% |
| Admin fee / account holder | $887 | $6,719-86.8% | $8,388-89.4% | $6,925-87.2% |