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 | $17,532 | $73,978-76.3% | $96,515-81.8% | $75,173-76.7% |
| Participation rate | 74.7% | 66.4%+8.3pp | 74.3%+0.4pp | 67.2%+7.5pp |
| Annual return | 19.19% | 26.72%-7.5pp | 35.73%-16.5pp | 160.72%-141.5pp |
| Employer contribution / active EE | $1,234 | $2,931-57.9% | $3,740-67.0% | $2,671-53.8% |
| Participant deferral / active EE | $2,787 | $3,660-23.9% | $4,880-42.9% | $4,126-32.5% |
| Admin fee / account holder | $1,677 | $5,219-67.9% | $6,735-75.1% | $5,651-70.3% |