Filed September 20, 2021
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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 | $154,108 | $89,370+72.4% | $141,197+9.1% | $72,976+111.2% |
| Participation rate | 100.0% | 75.1%+24.9pp | 82.5%+17.5pp | 69.5%+30.5pp |
| Annual return | 4.40% | 111.88%-107.5pp | 71.41%-67.0pp | 81.02%-76.6pp |
| Employer contribution / active EE | $3,977 | $3,115+27.7% | $4,736-16.0% | $2,440+63.0% |
| Participant deferral / active EE | $11,701 | $5,419+115.9% | $6,710+74.4% | $3,608+224.3% |
| Admin fee / account holder | $13,906 | $5,957+133.5% | $10,265+35.5% | $5,124+171.4% |