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 | $21,178 | $44,103-52.0% | $75,826-72.1% | $64,173-67.0% |
| Participation rate | 78.7% | 62.7%+15.9pp | 68.2%+10.4pp | 69.6%+9.1pp |
| Annual return | 3.64% | -4.72%+8.4pp | 1914.15%-1910.5pp | 7.63%-4.0pp |
| Employer contribution / active EE | $380 | $1,446-73.7% | $1,913-80.2% | $2,381-84.1% |
| Participant deferral / active EE | $2,742 | $2,204+24.4% | $2,862-4.2% | $3,470-21.0% |
| Admin fee / account holder | $2,815 | $3,506-19.7% | $4,726-40.4% | $4,887-42.4% |