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 | $86,184 | $106,524-19.1% | $152,301-43.4% | $87,485-1.5% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.4%+17.6pp | 68.9%+31.1pp |
| Annual return | 18.59% | 26.89%-8.3pp | 80.50%-61.9pp | 26.06%-7.5pp |
| Employer contribution / active EE | $5,020 | $3,371+48.9% | $4,624+8.6% | $2,596+93.4% |
| Participant deferral / active EE | $8,850 | $6,525+35.6% | $8,004+10.6% | $4,274+107.1% |
| Admin fee / account holder | $5,738 | $8,287-30.8% | $14,398-60.1% | $7,775-26.2% |