Filed August 31, 2020 (most recent of 3 filings on file)
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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 | $23,733 | $153,769-84.6% | $133,975-82.3% | $273,972-91.3% |
| Participation rate | 100.0% | 88.4%+11.6pp | 87.1%+12.9pp | 83.0%+17.0pp |
| Annual return | 8.29% | 36.51%-28.2pp | 29.29%-21.0pp | 41.46%-33.2pp |
| Employer contribution / active EE | $4,909 | $6,029-18.6% | $5,211-5.8% | $4,869+0.8% |
| Participant deferral / active EE | $5,047 | $6,958-27.5% | $6,282-19.7% | $5,287-4.5% |
| Admin fee / account holder | $441 | $11,765-96.2% | $9,324-95.3% | $10,133-95.6% |