Filed February 18, 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 | $48,433 | $102,422-52.7% | $147,117-67.1% | $80,959-40.2% |
| Participation rate | 75.8% | 75.9%-0.1pp | 82.2%-6.4pp | 67.7%+8.1pp |
| Annual return | 8.30% | 135.16%-126.9pp | 420.54%-412.2pp | 35.67%-27.4pp |
| Employer contribution / active EE | $2,333 | $3,717-37.3% | $4,932-52.7% | $2,757-15.4% |
| Participant deferral / active EE | $3,564 | $6,652-46.4% | $8,065-55.8% | $4,300-17.1% |
| Admin fee / account holder | $38,912 | $7,953+389.2% | $12,993+199.5% | $6,925+461.9% |