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 | $237,314 | $103,392+129.5% | $87,104+172.4% | $152,897+55.2% |
| Participation rate | 95.5% | 79.4%+16.1pp | 76.9%+18.6pp | 82.5%+13.0pp |
| Annual return | 2.37% | 28.10%-25.7pp | 28.19%-25.8pp | 345.43%-343.1pp |
| Employer contribution / active EE | $1,876 | $3,221-41.7% | $2,521-25.6% | $4,764-60.6% |
| Participant deferral / active EE | $4,740 | $4,778-0.8% | $4,048+17.1% | $5,851-19.0% |
| Admin fee / account holder | $7,546 | $12,194-38.1% | $7,491+0.7% | $11,599-34.9% |