Filed March 27, 2024 (most recent of 2 filings on file)
Total covered: 2 employees
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,288 | $39,128-71.2% | $57,196-80.3% | $62,881-82.0% |
| Participation rate | 100.0% | 70.5%+29.5pp | 75.3%+24.7pp | 69.3%+30.7pp |
| Annual return | 8.19% | 9.24%-1.1pp | 14.59%-6.4pp | 20.14%-12.0pp |
| Employer contribution / active EE | $1,580 | $1,874-15.7% | $2,683-41.1% | $2,281-30.7% |
| Participant deferral / active EE | $0 | $2,374-100.0% | $3,096-100.0% | $3,203-100.0% |
| Admin fee / account holder | $530 | $2,594-79.6% | $3,141-83.1% | $4,296-87.7% |