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 | $159,294 | $82,678+92.7% | $125,391+27.0% | $68,490+132.6% |
| Participation rate | 98.5% | 75.1%+23.4pp | 82.4%+16.1pp | 67.9%+30.6pp |
| Annual return | -20.74% | -5.97%-14.8pp | 572.41%-593.1pp | -7.85%-12.9pp |
| Employer contribution / active EE | $3,754 | $3,382+11.0% | $4,816-22.1% | $2,597+44.6% |
| Participant deferral / active EE | $11,996 | $6,111+96.3% | $7,448+61.1% | $4,028+197.8% |
| Admin fee / account holder | $10,260 | $6,277+63.4% | $10,009+2.5% | $5,403+89.9% |