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 | $48,341 | $137,414-64.8% | $189,520-74.5% | $85,856-43.7% |
| Participation rate | 96.2% | 84.6%+11.5pp | 87.8%+8.3pp | 69.3%+26.8pp |
| Annual return | 16.16% | 38.14%-22.0pp | 555.25%-539.1pp | 318.58%-302.4pp |
| Employer contribution / active EE | $2,627 | $4,344-39.5% | $6,161-57.4% | $2,565+2.4% |
| Participant deferral / active EE | $6,167 | $6,260-1.5% | $8,220-25.0% | $3,952+56.0% |
| Admin fee / account holder | $2,798 | $8,630-67.6% | $12,046-76.8% | $6,261-55.3% |