Filed September 15, 2022
Total covered: 9 employees
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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 | $96,258 | $89,370+7.7% | $141,197-31.8% | $72,976+31.9% |
| Participation rate | 97.8% | 75.1%+22.6pp | 82.5%+15.3pp | 69.5%+28.3pp |
| Annual return | 18.68% | 111.88%-93.2pp | 71.41%-52.7pp | 81.02%-62.3pp |
| Employer contribution / active EE | $3,416 | $3,115+9.7% | $4,736-27.9% | $2,440+40.0% |
| Participant deferral / active EE | $6,433 | $5,419+18.7% | $6,710-4.1% | $3,608+78.3% |
| Admin fee / account holder | $29,834 | $5,957+400.9% | $10,265+190.6% | $5,124+482.2% |