Filed May 22, 2019
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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 | $25,907 | $185,883-86.1% | $170,043-84.8% | $139,466-81.4% |
| Participation rate | 100.0% | 87.8%+12.2pp | 87.0%+13.0pp | 80.3%+19.7pp |
| Annual return | 40.53% | 60.54%-20.0pp | 53.40%-12.9pp | 373.66%-333.1pp |
| Employer contribution / active EE | $2,444 | $7,596-67.8% | $6,790-64.0% | $4,754-48.6% |
| Participant deferral / active EE | $6,946 | $11,626-40.3% | $10,410-33.3% | $6,712+3.5% |
| Admin fee / account holder | $1,076 | $15,393-93.0% | $12,824-91.6% | $11,409-90.6% |