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 | $46,743 | $185,883-74.9% | $170,043-72.5% | $139,466-66.5% |
| Participation rate | 90.5% | 87.8%+2.7pp | 87.0%+3.5pp | 80.3%+10.1pp |
| Annual return | 14.64% | 60.54%-45.9pp | 53.40%-38.8pp | 373.66%-359.0pp |
| Employer contribution / active EE | $3,830 | $7,596-49.6% | $6,790-43.6% | $4,754-19.4% |
| Participant deferral / active EE | $2,267 | $11,626-80.5% | $10,410-78.2% | $6,712-66.2% |
| Admin fee / account holder | $5,162 | $15,393-66.5% | $12,824-59.7% | $11,409-54.8% |