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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $201,918 | $98,240+105.5% | $82,312+145.3% | $147,586+36.8% |
| Participation rate | 95.2% | 79.7%+15.5pp | 76.9%+18.3pp | 82.8%+12.4pp |
| Annual return | 7.12% | 30.85%-23.7pp | 25.88%-18.8pp | 578.59%-571.5pp |
| Employer contribution / active EE | $8,491 | $3,192+166.0% | $2,428+249.7% | $4,876+74.1% |
| Participant deferral / active EE | $3,309 | $4,383-24.5% | $3,706-10.7% | $5,439-39.2% |
| Admin fee / account holder | $2,441 | $8,563-71.5% | $5,608-56.5% | $10,886-77.6% |