Filed May 16, 2022
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Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,010 | $123,793-71.7% | $177,840-80.3% | $79,852-56.2% |
| Participation rate | 92.0% | 84.7%+7.3pp | 87.7%+4.3pp | 69.6%+22.4pp |
| Annual return | 12.57% | 22.82%-10.3pp | 48.32%-35.8pp | 31.72%-19.1pp |
| Employer contribution / active EE | $1,098 | $4,095-73.2% | $5,919-81.5% | $2,471-55.6% |
| Participant deferral / active EE | $4,032 | $5,956-32.3% | $7,714-47.7% | $3,740+7.8% |
| Admin fee / account holder | $6,480 | $7,243-10.5% | $12,431-47.9% | $5,306+22.1% |