Filed May 27, 2022
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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 | $32,861 | $105,960-69.0% | $81,726-59.8% | $158,982-79.3% |
| Participation rate | 100.0% | 75.6%+24.4pp | 72.0%+28.0pp | 82.0%+18.0pp |
| Annual return | 4.11% | 38.19%-34.1pp | 29.49%-25.4pp | 302.99%-298.9pp |
| Employer contribution / active EE | $7,723 | $7,805-1.1% | $4,311+79.1% | $4,763+62.1% |
| Participant deferral / active EE | $4,400 | $13,011-66.2% | $7,108-38.1% | $5,983-26.5% |
| Admin fee / account holder | $108,818 | $8,494+1181.0% | $5,160+2008.9% | $11,252+867.1% |