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 | $20,467 | $81,476-74.9% | $102,383-80.0% | $80,925-74.7% |
| Participation rate | 75.6% | 66.8%+8.7pp | 74.5%+1.1pp | 67.7%+7.9pp |
| Annual return | 12.02% | 25.59%-13.6pp | 24.94%-12.9pp | 35.65%-23.6pp |
| Employer contribution / active EE | $1,408 | $3,105-54.6% | $3,870-63.6% | $2,756-48.9% |
| Participant deferral / active EE | $3,254 | $3,871-16.0% | $5,060-35.7% | $4,299-24.3% |
| Admin fee / account holder | $658 | $6,717-90.2% | $8,391-92.2% | $6,940-90.5% |