Filed August 1, 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 | $14,074 | $115,814-87.8% | $101,275-86.1% | $158,982-91.1% |
| Participation rate | 100.0% | 79.4%+20.6pp | 75.8%+24.2pp | 82.0%+18.0pp |
| Annual return | 44.38% | 56.16%-11.8pp | 46.48%-2.1pp | 302.99%-258.6pp |
| Employer contribution / active EE | $8,361 | $4,176+100.2% | $3,660+128.4% | $4,763+75.5% |
| Participant deferral / active EE | $4,619 | $4,958-6.8% | $4,371+5.7% | $5,983-22.8% |
| Admin fee / account holder | $1,628 | $7,249-77.5% | $5,948-72.6% | $11,252-85.5% |