Filed July 15, 2020
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,742 | $56,544-82.8% | $75,501-87.1% | $70,126-86.1% |
| Participation rate | 88.9% | 68.1%+20.8pp | 72.4%+16.5pp | 69.5%+19.3pp |
| Annual return | 104.76% | 23.59%+81.2pp | 27.35%+77.4pp | 73.15%+31.6pp |
| Employer contribution / active EE | $0 | $1,817-100.0% | $2,352-100.0% | $2,343-100.0% |
| Participant deferral / active EE | $1,898 | $2,580-26.4% | $3,142-39.6% | $3,332-43.0% |
| Admin fee / account holder | $496 | $3,827-87.0% | $5,801-91.5% | $4,645-89.3% |