Filed February 8, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,242 | $65,364-62.9% | $92,909-73.9% | $72,975-66.8% |
| Participation rate | 97.1% | 68.3%+28.8pp | 76.0%+21.1pp | 69.5%+27.7pp |
| Annual return | 9.00% | 42.11%-33.1pp | 109.44%-100.4pp | 81.01%-72.0pp |
| Employer contribution / active EE | $3,111 | $2,594+19.9% | $3,653-14.9% | $2,440+27.5% |
| Participant deferral / active EE | $2,979 | $3,128-4.8% | $4,238-29.7% | $3,608-17.4% |
| Admin fee / account holder | $3,166 | $4,251-25.5% | $5,795-45.4% | $5,124-38.2% |