Filed July 5, 2022 (most recent of 2 filings on file)
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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 | $111,884 | $138,385-19.2% | $184,200-39.3% | $80,874+38.3% |
| Participation rate | 100.0% | 83.9%+16.1pp | 86.8%+13.2pp | 67.6%+32.4pp |
| Annual return | 9.63% | 20.02%-10.4pp | 28.80%-19.2pp | 35.62%-26.0pp |
| Employer contribution / active EE | $5,422 | $4,849+11.8% | $6,424-15.6% | $2,756+96.8% |
| Participant deferral / active EE | $6,078 | $7,073-14.1% | $9,132-33.4% | $4,297+41.5% |
| Admin fee / account holder | $22,044 | $10,483+110.3% | $13,907+58.5% | $6,935+217.9% |