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 | $97,550+180.6% | $120,344+127.5% | $87,485+212.9% |
| Participation rate | 100.0% | 72.8%+27.2pp | 76.7%+23.3pp | 68.9%+31.1pp |
| Annual return | 5.14% | 18.41%-13.3pp | 20.30%-15.2pp | 26.06%-20.9pp |
| Employer contribution / active EE | $5,670 | $2,291+147.5% | $3,020+87.7% | $2,596+118.4% |
| Participant deferral / active EE | $7,050 | $4,230+66.7% | $5,135+37.3% | $4,274+65.0% |
| Admin fee / account holder | $2,253 | $9,543-76.4% | $12,742-82.3% | $7,775-71.0% |