Filed October 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $174,425 | $69,977+149.3% | $108,582+60.6% | $62,881+177.4% |
| Participation rate | 100.0% | 72.9%+27.1pp | 79.6%+20.4pp | 69.3%+30.7pp |
| Annual return | 1.80% | 10.73%-8.9pp | -51.70%+53.5pp | 20.14%-18.3pp |
| Employer contribution / active EE | $5,534 | $2,135+159.2% | $3,758+47.2% | $2,281+142.6% |
| Participant deferral / active EE | $4,162 | $3,165+31.5% | $4,311-3.5% | $3,203+29.9% |
| Admin fee / account holder | $5,050 | $5,076-0.5% | $7,645-33.9% | $4,296+17.6% |