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 | $329,355 | $148,629+121.6% | $135,982+142.2% | $139,487+136.1% |
| Participation rate | 100.0% | 83.9%+16.1pp | 81.9%+18.1pp | 80.3%+19.7pp |
| Annual return | 0.25% | 79.33%-79.1pp | 68.32%-68.1pp | 373.84%-373.6pp |
| Employer contribution / active EE | $1,920 | $5,247-63.4% | $4,859-60.5% | $4,755-59.6% |
| Participant deferral / active EE | $6,843 | $8,102-15.5% | $7,760-11.8% | $6,713+1.9% |
| Admin fee / account holder | $840 | $12,406-93.2% | $10,767-92.2% | $11,407-92.6% |