Filed March 11, 2022
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Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $103,779 | $67,411+53.9% | $91,004+14.0% | $70,126+48.0% |
| Participation rate | 100.0% | 71.4%+28.6pp | 75.6%+24.4pp | 69.5%+30.5pp |
| Annual return | 12.90% | -40.16%+53.1pp | 4.60%+8.3pp | 73.15%-60.3pp |
| Employer contribution / active EE | $3,277 | $1,786+83.5% | $2,456+33.5% | $2,343+39.9% |
| Participant deferral / active EE | $1,202 | $2,823-57.4% | $3,548-66.1% | $3,332-63.9% |
| Admin fee / account holder | $947 | $4,236-77.7% | $5,417-82.5% | $4,645-79.6% |