Filed January 17, 2023
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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 | $88,433 | $135,645-34.8% | $110,243-19.8% | $135,380-34.7% |
| Participation rate | 100.0% | 83.5%+16.5pp | 79.8%+20.2pp | 82.6%+17.4pp |
| Annual return | -8.83% | 513.24%-522.1pp | 314.76%-323.6pp | 519.81%-528.6pp |
| Employer contribution / active EE | $3,919 | $4,907-20.1% | $3,827+2.4% | $4,779-18.0% |
| Participant deferral / active EE | $8,171 | $5,507+48.4% | $4,672+74.9% | $5,609+45.7% |
| Admin fee / account holder | $1,572 | $11,458-86.3% | $8,548-81.6% | $10,828-85.5% |