Filed January 5, 2021
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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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,114 | $167,522-79.0% | $151,639-76.8% | $134,532-73.9% |
| Participation rate | 90.5% | 88.4%+2.1pp | 87.5%+3.0pp | 81.2%+9.2pp |
| Annual return | -16.46% | 7.81%-24.3pp | 3.34%-19.8pp | 418.27%-434.7pp |
| Employer contribution / active EE | $3,693 | $6,828-45.9% | $6,165-40.1% | $4,741-22.1% |
| Participant deferral / active EE | $2,136 | $8,986-76.2% | $8,363-74.5% | $6,401-66.6% |
| Admin fee / account holder | $1,586 | $13,780-88.5% | $11,613-86.3% | $11,429-86.1% |