Filed November 18, 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.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $120,779 | $110,083+9.7% | $151,645-20.4% | $68,490+76.3% |
| Participation rate | 98.7% | 84.0%+14.8pp | 87.5%+11.2pp | 67.9%+30.8pp |
| Annual return | -12.64% | -10.12%-2.5pp | 3.34%-16.0pp | -7.85%-4.8pp |
| Employer contribution / active EE | $0 | $4,470-100.0% | $6,165-100.0% | $2,597-100.0% |
| Participant deferral / active EE | $5,741 | $6,526-12.0% | $8,363-31.3% | $4,028+42.5% |
| Admin fee / account holder | $6,275 | $7,718-18.7% | $11,614-46.0% | $5,403+16.1% |