Filed October 2, 2020
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Employer 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.)
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 | $28,733 | $101,795-71.8% | $165,100-82.6% | $80,959-64.5% |
| Participation rate | 83.6% | 71.8%+11.8pp | 78.6%+5.0pp | 67.7%+15.9pp |
| Annual return | 12.35% | 16.73%-4.4pp | 70.21%-57.9pp | 35.67%-23.3pp |
| Employer contribution / active EE | $568 | $2,954-80.8% | $4,348-86.9% | $2,757-79.4% |
| Participant deferral / active EE | $4,269 | $4,476-4.6% | $6,035-29.3% | $4,300-0.7% |
| Admin fee / account holder | $2,583 | $8,221-68.6% | $12,696-79.7% | $6,925-62.7% |