Filed April 19, 2022
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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 | $69,574 | $45,872+51.7% | $77,081-9.7% | $68,495+1.6% |
| Participation rate | 72.5% | 55.9%+16.6pp | 67.9%+4.6pp | 67.9%+4.6pp |
| Annual return | -13.11% | 1.73%-14.8pp | 42.33%-55.4pp | -7.84%-5.3pp |
| Employer contribution / active EE | $1,648 | $1,650-0.1% | $2,813-41.4% | $2,596-36.5% |
| Participant deferral / active EE | $3,140 | $2,963+6.0% | $4,428-29.1% | $4,028-22.0% |
| Admin fee / account holder | $31,987 | $3,041+951.8% | $5,427+489.4% | $5,403+492.0% |