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 | $49,092 | $48,300+1.6% | $40,145,923-99.9% | $62,881-21.9% |
| Participation rate | 100.0% | 62.0%+38.0pp | 68.4%+31.6pp | 69.3%+30.7pp |
| Annual return | -1.96% | 6.95%-8.9pp | 5.24%-7.2pp | 20.14%-22.1pp |
| Employer contribution / active EE | $3,070 | $1,333+130.3% | $1,844+66.5% | $2,281+34.6% |
| Participant deferral / active EE | $1,510 | $2,388-36.8% | $2,591-41.7% | $3,203-52.8% |
| Admin fee / account holder | $3,415 | $2,919+17.0% | $2,903+17.6% | $4,296-20.5% |