Template only runs 20 fps on GTX 550s?

I get poor performance in the editor as well, but I thought maybe if I closed the editor and launched through the front end standalone maybe the performance would be ok. I’m guessing something must be wrong with my system somehow. Any help please?

I ran the First Person Blue Print template through the game launcher (set on Development).

9379-lowfps.png

Here’s my info:
[DxDiag][2]