Filed October 11, 2022
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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 | $121,582 | $112,121+8.4% | $95,960+26.7% | $158,966-23.5% |
| Participation rate | 100.0% | 79.0%+21.0pp | 77.1%+22.9pp | 82.0%+18.0pp |
| Annual return | 17.76% | 171.16%-153.4pp | 91.63%-73.9pp | 302.95%-285.2pp |
| Employer contribution / active EE | $5,129 | $3,199+60.3% | $2,541+101.8% | $4,762+7.7% |
| Participant deferral / active EE | $6,617 | $4,784+38.3% | $4,167+58.8% | $5,983+10.6% |
| Admin fee / account holder | $385 | $10,135-96.2% | $6,797-94.3% | $11,250-96.6% |