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 | $185,891 | $93,617+98.6% | $135,982+36.7% | $75,177+147.3% |
| Participation rate | 96.6% | 75.2%+21.4pp | 81.9%+14.7pp | 67.2%+29.4pp |
| Annual return | 15.08% | 30.89%-15.8pp | 68.32%-53.2pp | 160.75%-145.7pp |
| Employer contribution / active EE | $3,591 | $3,538+1.5% | $4,859-26.1% | $2,671+34.5% |
| Participant deferral / active EE | $12,602 | $6,406+96.7% | $7,760+62.4% | $4,126+205.4% |
| Admin fee / account holder | $28,246 | $6,980+304.7% | $10,767+162.3% | $5,651+399.8% |