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 | $66,323 | $85,766-22.7% | $136,297-51.3% | $70,124-5.4% |
| Participation rate | 74.5% | 74.2%+0.3pp | 81.9%-7.5pp | 69.5%+4.9pp |
| Annual return | 24.92% | 31.45%-6.5pp | 5156.19%-5131.3pp | 73.14%-48.2pp |
| Employer contribution / active EE | $3,925 | $2,966+32.3% | $4,696-16.4% | $2,342+67.5% |
| Participant deferral / active EE | $5,986 | $5,051+18.5% | $6,247-4.2% | $3,332+79.7% |
| Admin fee / account holder | $3,277 | $5,420-39.5% | $9,244-64.6% | $4,645-29.5% |