Filed March 11, 2022
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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 | $86,931 | $81,208+7.0% | $98,920-12.1% | $79,856+8.9% |
| Participation rate | 100.0% | 72.5%+27.5pp | 76.0%+24.0pp | 69.6%+30.4pp |
| Annual return | 9.26% | 60.99%-51.7pp | 196.47%-187.2pp | 31.71%-22.4pp |
| Employer contribution / active EE | $3,832 | $1,960+95.5% | $2,689+42.5% | $2,471+55.1% |
| Participant deferral / active EE | $2,775 | $3,265-15.0% | $4,245-34.6% | $3,741-25.8% |
| Admin fee / account holder | $36,144 | $6,013+501.1% | $6,643+444.1% | $5,306+581.1% |