Filed February 11, 2020
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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 | $45,802 | $76,551-40.2% | $123,894-63.0% | $62,881-27.2% |
| Participation rate | 90.9% | 73.0%+17.9pp | 81.4%+9.5pp | 69.3%+21.6pp |
| Annual return | 3.38% | 18.68%-15.3pp | 47.52%-44.1pp | 20.14%-16.8pp |
| Employer contribution / active EE | $2,732 | $2,882-5.2% | $4,617-40.8% | $2,281+19.8% |
| Participant deferral / active EE | $6,020 | $4,840+24.4% | $5,984+0.6% | $3,203+87.9% |
| Admin fee / account holder | $7,408 | $4,826+53.5% | $8,357-11.4% | $4,296+72.5% |