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 | $200,971 | $78,423+156.3% | $95,964+109.4% | $79,856+151.7% |
| Participation rate | 100.0% | 73.5%+26.5pp | 77.1%+22.9pp | 69.6%+30.4pp |
| Annual return | 1.15% | 19.37%-18.2pp | 91.64%-90.5pp | 31.71%-30.6pp |
| Employer contribution / active EE | $2,692 | $1,945+38.4% | $2,541+5.9% | $2,471+8.9% |
| Participant deferral / active EE | $4,573 | $3,440+32.9% | $4,167+9.7% | $3,741+22.2% |
| Admin fee / account holder | $1,403 | $5,622-75.0% | $6,797-79.4% | $5,306-73.6% |