Filed February 7, 2023
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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 | $105,160 | $54,380+93.4% | $68,509+53.5% | $59,633+76.3% |
| Participation rate | 100.0% | 70.2%+29.8pp | 74.7%+25.3pp | 68.7%+31.3pp |
| Annual return | -11.63% | 2.83%-14.5pp | 8.27%-19.9pp | 2041.40%-2053.0pp |
| Employer contribution / active EE | $5,055 | $1,539+228.6% | $2,278+121.9% | $2,203+129.5% |
| Participant deferral / active EE | $8,389 | $2,643+217.4% | $3,382+148.0% | $3,192+162.8% |
| Admin fee / account holder | $2,645 | $3,885-31.9% | $5,275-49.9% | $4,297-38.4% |