Filed August 3, 2020
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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 | $101,188 | $130,084-22.2% | $138,135-26.7% | $90,274+12.1% |
| Participation rate | 98.9% | 86.0%+12.9pp | 78.7%+20.2pp | 73.4%+25.6pp |
| Annual return | 0.00% | 14.63%-14.6pp | 20.51%-20.5pp | 53.97%-54.0pp |
| Employer contribution / active EE | $12,061 | $5,865+105.7% | $5,587+115.9% | $2,523+377.9% |
| Participant deferral / active EE | $6,995 | $7,099-1.5% | $6,431+8.8% | $4,231+65.3% |
| Admin fee / account holder | $5,897 | $187+3061.2% | $11,856-50.3% | $114+5070.3% |