Filed August 31, 2020
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Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $74,378 | $150,447-50.6% | $136,298-45.4% | $147,586-49.6% |
| Participation rate | 100.0% | 84.4%+15.6pp | 81.9%+18.1pp | 82.8%+17.2pp |
| Annual return | 11.97% | 1049.15%-1037.2pp | 5156.27%-5144.3pp | 578.59%-566.6pp |
| Employer contribution / active EE | $653 | $5,256-87.6% | $4,696-86.1% | $4,876-86.6% |
| Participant deferral / active EE | $5,304 | $6,631-20.0% | $6,247-15.1% | $5,439-2.5% |
| Admin fee / account holder | $7,730 | $10,906-29.1% | $9,244-16.4% | $10,886-29.0% |