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.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,134 | $70,486-68.6% | $100,528-78.0% | $79,852-72.3% |
| Participation rate | 82.6% | 73.6%+9.0pp | 79.4%+3.2pp | 69.6%+13.0pp |
| Annual return | 9.78% | 21.90%-12.1pp | 30.90%-21.1pp | 31.72%-21.9pp |
| Employer contribution / active EE | $0 | $2,165-100.0% | $3,419-100.0% | $2,471-100.0% |
| Participant deferral / active EE | $5,081 | $5,182-1.9% | $6,271-19.0% | $3,740+35.8% |
| Admin fee / account holder | $2,645 | $4,480-40.9% | $8,084-67.3% | $5,306-50.1% |