Filed August 15, 2021
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Employer 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 | $27,899 | $59,116-52.8% | $86,438-67.7% | $68,486-59.3% |
| Participation rate | 77.0% | 75.2%+1.8pp | 80.3%-3.3pp | 67.9%+9.2pp |
| Annual return | 2.46% | -0.23%+2.7pp | 4397.19%-4394.7pp | -7.85%+10.3pp |
| Employer contribution / active EE | $0 | $2,519-100.0% | $3,769-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $3,628 | $5,902-38.5% | $6,952-47.8% | $4,028-9.9% |
| Admin fee / account holder | $1,561 | $5,639-72.3% | $6,733-76.8% | $5,404-71.1% |