Filed December 29, 2021
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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 | $13,289 | $64,719-79.5% | $112,249-88.2% | $68,486-80.6% |
| Participation rate | 80.0% | 67.2%+12.8pp | 75.1%+4.9pp | 67.9%+12.1pp |
| Annual return | -5.27% | -11.40%+6.1pp | 27.48%-32.7pp | -7.85%+2.6pp |
| Employer contribution / active EE | $1,255 | $2,747-54.3% | $3,636-65.5% | $2,597-51.7% |
| Participant deferral / active EE | $2,682 | $3,565-24.8% | $4,729-43.3% | $4,028-33.4% |
| Admin fee / account holder | $311 | $5,232-94.0% | $6,412-95.1% | $5,404-94.2% |