Filed December 10, 2024
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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 | $146,561 | $157,296-6.8% | $141,191+3.8% | $152,897-4.1% |
| Participation rate | 100.0% | 84.8%+15.2pp | 82.5%+17.5pp | 82.5%+17.5pp |
| Annual return | 20.50% | 64.34%-43.8pp | 71.41%-50.9pp | 345.43%-324.9pp |
| Employer contribution / active EE | $21,103 | $5,262+301.0% | $4,736+345.6% | $4,764+343.0% |
| Participant deferral / active EE | $13,085 | $7,111+84.0% | $6,710+95.0% | $5,851+123.6% |
| Admin fee / account holder | $27,730 | $12,125+128.7% | $10,264+170.2% | $11,599+139.1% |