Filed June 10, 2022
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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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,570 | $138,075-93.1% | $123,552-92.3% | $135,379-92.9% |
| Participation rate | 93.8% | 84.7%+9.0pp | 82.3%+11.5pp | 82.6%+11.1pp |
| Annual return | -7.02% | 153.70%-160.7pp | 119.20%-126.2pp | 519.79%-526.8pp |
| Employer contribution / active EE | $2,060 | $5,152-60.0% | $4,628-55.5% | $4,779-56.9% |
| Participant deferral / active EE | $3,490 | $6,800-48.7% | $6,426-45.7% | $5,609-37.8% |
| Admin fee / account holder | $2,125 | $10,917-80.5% | $9,285-77.1% | $10,828-80.4% |