Filed April 28, 2020
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,842 | $88,707-24.6% | $74,184-9.9% | $273,972-75.6% |
| Participation rate | 93.8% | 79.4%+14.3pp | 76.6%+17.1pp | 83.0%+10.7pp |
| Annual return | 6.10% | 11.94%-5.8pp | 17.74%-11.6pp | 41.46%-35.4pp |
| Employer contribution / active EE | $5,963 | $3,159+88.8% | $2,370+151.6% | $4,869+22.5% |
| Participant deferral / active EE | $4,120 | $4,212-2.2% | $3,550+16.1% | $5,287-22.1% |
| Admin fee / account holder | $1,820 | $8,717-79.1% | $5,586-67.4% | $10,133-82.0% |