Filed October 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 | $29,079 | $110,083-73.6% | $151,645-80.8% | $68,490-57.5% |
| Participation rate | 97.5% | 84.0%+13.5pp | 87.5%+10.0pp | 67.9%+29.6pp |
| Annual return | -16.22% | -10.12%-6.1pp | 3.34%-19.6pp | -7.85%-8.4pp |
| Employer contribution / active EE | $8,482 | $4,470+89.8% | $6,165+37.6% | $2,597+226.6% |
| Participant deferral / active EE | $13,858 | $6,526+112.3% | $8,363+65.7% | $4,028+244.0% |
| Admin fee / account holder | $1,440 | $7,718-81.3% | $11,614-87.6% | $5,403-73.3% |