Filed November 18, 2022
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Participant 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 | $11,683 | $94,529-87.6% | $140,019-91.7% | $64,173-81.8% |
| Participation rate | 93.3% | 84.1%+9.2pp | 87.5%+5.8pp | 69.6%+23.8pp |
| Annual return | 9.48% | 7.77%+1.7pp | 651.17%-641.7pp | 7.63%+1.8pp |
| Employer contribution / active EE | $1,917 | $3,812-49.7% | $5,605-65.8% | $2,381-19.5% |
| Participant deferral / active EE | $0 | $5,250-100.0% | $6,927-100.0% | $3,470-100.0% |
| Admin fee / account holder | $886 | $6,741-86.9% | $10,705-91.7% | $4,887-81.9% |