Filed July 4, 2023 (most recent of 2 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.)
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,031 | $89,367-78.7% | $141,191-86.5% | $72,975-73.9% |
| Participation rate | 86.7% | 75.1%+11.5pp | 82.5%+4.2pp | 69.5%+17.2pp |
| Annual return | 21.28% | 111.87%-90.6pp | 71.41%-50.1pp | 81.01%-59.7pp |
| Employer contribution / active EE | $777 | $3,115-75.1% | $4,736-83.6% | $2,440-68.2% |
| Participant deferral / active EE | $3,250 | $5,419-40.0% | $6,710-51.6% | $3,608-9.9% |
| Admin fee / account holder | $2,286 | $5,957-61.6% | $10,264-77.7% | $5,124-55.4% |