Filed February 1, 2023
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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 | $159,683 | $93,598+70.6% | $135,974+17.4% | $75,173+112.4% |
| Participation rate | 92.6% | 75.2%+17.4pp | 81.9%+10.7pp | 67.2%+25.4pp |
| Annual return | 21.49% | 30.89%-9.4pp | 68.30%-46.8pp | 160.72%-139.2pp |
| Employer contribution / active EE | $0 | $3,538-100.0% | $4,859-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $21,069 | $6,405+228.9% | $7,760+171.5% | $4,126+410.6% |
| Admin fee / account holder | $5,499 | $6,978-21.2% | $10,767-48.9% | $5,651-2.7% |