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 | $55,863 | $49,791+12.2% | $78,210-28.6% | $70,126-20.3% |
| Participation rate | 100.0% | 62.3%+37.7pp | 68.7%+31.3pp | 69.5%+30.5pp |
| Annual return | 6.80% | 20.75%-13.9pp | 40.90%-34.1pp | 73.15%-66.3pp |
| Employer contribution / active EE | $3,412 | $1,430+138.6% | $2,034+67.8% | $2,343+45.6% |
| Participant deferral / active EE | $2,880 | $2,150+33.9% | $2,823+2.0% | $3,332-13.6% |
| Admin fee / account holder | $9,775 | $3,181+207.3% | $3,758+160.1% | $4,645+110.4% |