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 | $12,712 | $43,340-70.7% | $59,899-78.8% | $64,173-80.2% |
| Participation rate | 100.0% | 69.1%+30.9pp | 74.7%+25.3pp | 69.6%+30.4pp |
| Annual return | -5.99% | -1.55%-4.4pp | 3.46%-9.4pp | 7.63%-13.6pp |
| Employer contribution / active EE | $1,798 | $2,030-11.4% | $2,723-33.9% | $2,381-24.5% |
| Participant deferral / active EE | $0 | $2,548-100.0% | $3,403-100.0% | $3,470-100.0% |
| Admin fee / account holder | $994 | $3,008-67.0% | $3,592-72.3% | $4,887-79.7% |