Filed August 10, 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.
Assets per participant exceed $250,000 - top-decile high-value plan.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $275,436 | $154,228+78.6% | $145,433+89.4% | $137,256+100.7% |
| Participation rate | 100.0% | 83.8%+16.2pp | 82.1%+17.9pp | 80.0%+20.0pp |
| Annual return | 6.34% | 74.59%-68.2pp | 66.58%-60.2pp | 220.34%-214.0pp |
| Employer contribution / active EE | $1,426 | $4,804-70.3% | $4,554-68.7% | $4,156-65.7% |
| Participant deferral / active EE | $5,314 | $8,216-35.3% | $7,897-32.7% | $6,407-17.1% |
| Admin fee / account holder | $7,655 | $14,344-46.6% | $13,129-41.7% | $12,270-37.6% |