Filed September 29, 2022
Total covered: 2 employees
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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 | $60,353 | $105,867-43.0% | $90,760-33.5% | $134,532-55.1% |
| Participation rate | 88.9% | 78.3%+10.6pp | 75.7%+13.2pp | 81.2%+7.7pp |
| Annual return | -28.67% | -10.99%-17.7pp | -12.16%-16.5pp | 418.27%-446.9pp |
| Employer contribution / active EE | $11,927 | $3,464+244.4% | $2,922+308.2% | $4,741+151.6% |
| Participant deferral / active EE | $7,961 | $5,217+52.6% | $4,565+74.4% | $6,401+24.4% |
| Admin fee / account holder | $1,529 | $13,936-89.0% | $8,444-81.9% | $11,429-86.6% |