Filed April 30, 2021
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,304 | $48,078-32.8% | $78,676-58.9% | $62,881-48.6% |
| Participation rate | 100.0% | 65.2%+34.8pp | 73.6%+26.4pp | 69.3%+30.7pp |
| Annual return | 9.57% | 31.36%-21.8pp | 62.19%-52.6pp | 20.14%-10.6pp |
| Employer contribution / active EE | $2,549 | $2,015+26.5% | $2,850-10.6% | $2,281+11.8% |
| Participant deferral / active EE | $5,055 | $2,587+95.4% | $3,517+43.7% | $3,203+57.8% |
| Admin fee / account holder | $4,476 | $3,206+39.6% | $4,510-0.8% | $4,296+4.2% |