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 | $28,890 | $72,269-60.0% | $101,271-71.5% | $79,852-63.8% |
| Participation rate | 100.0% | 68.5%+31.5pp | 75.8%+24.2pp | 69.6%+30.4pp |
| Annual return | 10.51% | 22.29%-11.8pp | 46.48%-36.0pp | 31.72%-21.2pp |
| Employer contribution / active EE | $1,976 | $2,692-26.6% | $3,660-46.0% | $2,471-20.0% |
| Participant deferral / active EE | $2,770 | $3,282-15.6% | $4,371-36.6% | $3,740-26.0% |
| Admin fee / account holder | $1,343 | $4,401-69.5% | $5,948-77.4% | $5,306-74.7% |