Filed October 7, 2020
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,501 | $49,791-56.8% | $78,210-72.5% | $70,126-69.3% |
| Participation rate | 78.0% | 62.3%+15.7pp | 68.7%+9.3pp | 69.5%+8.5pp |
| Annual return | 14.52% | 20.75%-6.2pp | 40.90%-26.4pp | 73.15%-58.6pp |
| Employer contribution / active EE | $377 | $1,430-73.6% | $2,034-81.4% | $2,343-83.9% |
| Participant deferral / active EE | $2,395 | $2,150+11.4% | $2,823-15.2% | $3,332-28.1% |
| Admin fee / account holder | $4,325 | $3,181+36.0% | $3,758+15.1% | $4,645-6.9% |