Filed August 19, 2021
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $72,144 | $75,058-3.9% | $152,301-52.6% | $64,340+12.1% |
| Participation rate | 77.8% | 60.9%+16.9pp | 82.4%-4.7pp | 55.2%+22.5pp |
| Annual return | 21.12% | 29.93%-8.8pp | 80.50%-59.4pp | 24.14%-3.0pp |
| Employer contribution / active EE | $4,499 | $2,605+72.7% | $4,624-2.7% | $1,862+141.7% |
| Participant deferral / active EE | $5,660 | $5,041+12.3% | $8,004-29.3% | $2,980+89.9% |
| Admin fee / account holder | $4,930 | $4,050+21.7% | $14,398-65.8% | $3,703+33.2% |