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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,278 | $82,678-48.9% | $125,391-66.3% | $68,490-38.3% |
| Participation rate | 81.0% | 75.1%+5.9pp | 82.4%-1.4pp | 67.9%+13.1pp |
| Annual return | -19.76% | -5.97%-13.8pp | 572.41%-592.2pp | -7.85%-11.9pp |
| Employer contribution / active EE | $5,368 | $3,382+58.7% | $4,816+11.5% | $2,597+106.7% |
| Participant deferral / active EE | $7,610 | $6,111+24.5% | $7,448+2.2% | $4,028+88.9% |
| Admin fee / account holder | $4,515 | $6,277-28.1% | $10,009-54.9% | $5,403-16.4% |