Filed November 20, 2019
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.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,214 | $96,448-80.1% | $80,669-76.2% | $139,500-86.2% |
| Participation rate | 0.0% | 73.6%-73.6pp | 67.0%-67.0pp | 80.3%-80.3pp |
| Annual return | 7.99% | 1353.47%-1345.5pp | 937.61%-929.6pp | 373.99%-366.0pp |
| Employer contribution / active EE | $0 | $3,262-100.0% | $2,724-100.0% | $4,755-100.0% |
| Participant deferral / active EE | $0 | $5,227-100.0% | $4,444-100.0% | $6,713-100.0% |
| Admin fee / account holder | $4,373 | $6,608-33.8% | $5,384-18.8% | $11,410-61.7% |