Filed December 21, 2021 (most recent of 2 filings on file)
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $9,985 | $95,406-89.5% | $185,849-94.6% | $85,847-88.4% |
| Participation rate | 100.0% | 68.8%+31.2pp | 81.7%+18.3pp | 69.3%+30.7pp |
| Annual return | 0.00% | 23.59%-23.6pp | 122.10%-122.1pp | 318.61%-318.6pp |
| Employer contribution / active EE | $3,638 | $3,314+9.8% | $5,169-29.6% | $2,565+41.8% |
| Participant deferral / active EE | $4,093 | $3,424+19.6% | $5,569-26.5% | $3,952+3.6% |
| Admin fee / account holder | $380 | $7,214-94.7% | $16,244-97.7% | $6,261-93.9% |