Filed October 11, 2019
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Participant 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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,802 | $60,964-10.1% | $286,273-80.9% | $317,036-82.7% |
| Participation rate | 100.0% | 23.4%+76.6pp | 30.6%+69.4pp | 13.0%+87.0pp |
| Annual return | 6.22% | 11.74%-5.5pp | 10.78%-4.6pp | 13.59%-7.4pp |
| Employer contribution / active EE | $6,832 | $11,467-40.4% | $41,857-83.7% | $14,592-53.2% |
| Participant deferral / active EE | $0 | $7-100.0% | $59-100.0% | $67-100.0% |
| Admin fee / account holder | $2,441 | $1,188+105.5% | $83,605-97.1% | $29,657-91.8% |