Filed May 1, 2024 (most recent of 3 filings on file)
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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 | $47,792 | $76,551-37.6% | $123,894-61.4% | $62,881-24.0% |
| Participation rate | 100.0% | 73.0%+27.0pp | 81.4%+18.6pp | 69.3%+30.7pp |
| Annual return | 6.79% | 18.68%-11.9pp | 47.52%-40.7pp | 20.14%-13.4pp |
| Employer contribution / active EE | $3,249 | $2,882+12.7% | $4,617-29.6% | $2,281+42.4% |
| Participant deferral / active EE | $4,529 | $4,840-6.4% | $5,984-24.3% | $3,203+41.4% |
| Admin fee / account holder | $2,727 | $4,826-43.5% | $8,357-67.4% | $4,296-36.5% |