Filed December 22, 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.
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $273,766 | $104,098+163.0% | $140,514+94.8% | $94,015+191.2% |
| Participation rate | 100.0% | 73.7%+26.3pp | 77.8%+22.2pp | 70.8%+29.2pp |
| Annual return | 5.14% | 15.14%-10.0pp | 14.36%-9.2pp | 17.84%-12.7pp |
| Employer contribution / active EE | $5,670 | $2,388+137.4% | $3,378+67.8% | $2,790+103.2% |
| Participant deferral / active EE | $7,050 | $4,033+74.8% | $4,919+43.3% | $4,249+65.9% |
| Admin fee / account holder | $2,253 | $10,439-78.4% | $13,697-83.5% | $8,951-74.8% |