Filed May 10, 2023
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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 | $69,695 | $138,393-49.6% | $184,256-62.2% | $80,959-13.9% |
| Participation rate | 100.0% | 83.9%+16.1pp | 86.8%+13.2pp | 67.7%+32.3pp |
| Annual return | 16.82% | 20.01%-3.2pp | 28.85%-12.0pp | 35.67%-18.9pp |
| Employer contribution / active EE | $4,085 | $4,847-15.7% | $6,427-36.4% | $2,757+48.2% |
| Participant deferral / active EE | $8,347 | $7,076+18.0% | $9,133-8.6% | $4,300+94.1% |
| Admin fee / account holder | $373 | $10,489-96.4% | $13,899-97.3% | $6,925-94.6% |