Filed January 29, 2024
Total covered: 6 employees
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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).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,309 | $76,551-25.1% | $123,894-53.7% | $62,881-8.9% |
| Participation rate | 73.6% | 73.0%+0.6pp | 81.4%-7.8pp | 69.3%+4.3pp |
| Annual return | 9.01% | 18.68%-9.7pp | 47.52%-38.5pp | 20.14%-11.1pp |
| Employer contribution / active EE | $3,201 | $2,882+11.0% | $4,617-30.7% | $2,281+40.3% |
| Participant deferral / active EE | $5,033 | $4,840+4.0% | $5,984-15.9% | $3,203+57.1% |
| Admin fee / account holder | $5,371 | $4,826+11.3% | $8,357-35.7% | $4,296+25.0% |