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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $249,203 | $157,270+58.5% | $141,173+76.5% | $152,870+63.0% |
| Participation rate | 100.0% | 84.8%+15.2pp | 82.5%+17.5pp | 82.4%+17.6pp |
| Annual return | 4.18% | 64.33%-60.1pp | 71.40%-67.2pp | 345.34%-341.2pp |
| Employer contribution / active EE | $10,531 | $5,261+100.2% | $4,735+122.4% | $4,763+121.1% |
| Participant deferral / active EE | $7,277 | $7,110+2.4% | $6,710+8.5% | $5,850+24.4% |
| Admin fee / account holder | $7,709 | $12,121-36.4% | $10,262-24.9% | $11,597-33.5% |