Filed November 12, 2020
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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 | $31,036 | $75,962-59.1% | $154,108-79.9% | $64,173-51.6% |
| Participation rate | 93.5% | 70.4%+23.1pp | 83.0%+10.5pp | 69.6%+24.0pp |
| Annual return | -8.42% | 30.32%-38.7pp | 735.21%-743.6pp | 7.63%-16.1pp |
| Employer contribution / active EE | $1,934 | $3,350-42.3% | $5,298-63.5% | $2,381-18.8% |
| Participant deferral / active EE | $3,624 | $3,175+14.1% | $5,081-28.7% | $3,470+4.4% |
| Admin fee / account holder | $1,551 | $5,589-72.2% | $13,411-88.4% | $4,887-68.3% |