Filed August 15, 2021
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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 | $17,280 | $63,365-72.7% | $91,994-81.2% | $72,975-76.3% |
| Participation rate | 83.3% | 72.5%+10.8pp | 78.6%+4.7pp | 69.5%+13.8pp |
| Annual return | 28.93% | 35.35%-6.4pp | 69.04%-40.1pp | 81.01%-52.1pp |
| Employer contribution / active EE | $0 | $2,116-100.0% | $3,453-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $5,592 | $4,883+14.5% | $5,924-5.6% | $3,608+55.0% |
| Admin fee / account holder | $352 | $4,670-92.5% | $7,744-95.5% | $5,124-93.1% |