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 | $103,079 | $61,660+67.2% | $80,022+28.8% | $64,173+60.6% |
| Participation rate | 100.0% | 71.7%+28.3pp | 75.8%+24.2pp | 69.6%+30.4pp |
| Annual return | -4.51% | -0.33%-4.2pp | 11.22%-15.7pp | 7.63%-12.1pp |
| Employer contribution / active EE | $5,442 | $1,810+200.6% | $2,468+120.5% | $2,381+128.6% |
| Participant deferral / active EE | $1,212 | $2,968-59.2% | $3,686-67.1% | $3,470-65.1% |
| Admin fee / account holder | $5,902 | $5,417+8.9% | $6,521-9.5% | $4,887+20.8% |