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 | $23,099 | $35,949-35.7% | $88,632-73.9% | $65,186-64.6% |
| Participation rate | 87.4% | 56.4%+31.0pp | 68.8%+18.6pp | 70.2%+17.2pp |
| Annual return | 23.06% | 47.52%-24.5pp | 43.75%-20.7pp | 29.39%-6.3pp |
| Employer contribution / active EE | $373 | $1,047-64.4% | $2,101-82.2% | $2,177-82.9% |
| Participant deferral / active EE | $2,709 | $1,870+44.9% | $2,917-7.1% | $3,514-22.9% |
| Admin fee / account holder | $1,157 | $496+133.2% | $4,308-73.2% | $847+36.5% |