Filed December 20, 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.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,700 | $116,167-22.8% | $64,489+39.1% | $137,256-34.6% |
| Participation rate | 87.5% | 68.2%+19.3pp | 67.7%+19.8pp | 80.0%+7.5pp |
| Annual return | 5.97% | 36.55%-30.6pp | 55.03%-49.1pp | 220.34%-214.4pp |
| Employer contribution / active EE | $6,118 | $2,483+146.4% | $1,523+301.7% | $4,156+47.2% |
| Participant deferral / active EE | $4,950 | $4,215+17.4% | $2,778+78.2% | $6,407-22.7% |
| Admin fee / account holder | $5,780 | $6,188-6.6% | $4,260+35.7% | $12,270-52.9% |