Filed December 29, 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 | $244,535 | $209,336+16.8% | $197,124+24.1% | $137,256+78.2% |
| Participation rate | 84.6% | 87.3%-2.7pp | 86.7%-2.1pp | 80.0%+4.7pp |
| Annual return | 18.09% | 48.09%-30.0pp | 44.34%-26.3pp | 220.34%-202.3pp |
| Employer contribution / active EE | $3,817 | $6,591-42.1% | $6,227-38.7% | $4,156-8.1% |
| Participant deferral / active EE | $12,682 | $9,614+31.9% | $9,135+38.8% | $6,407+97.9% |
| Admin fee / account holder | $3,763 | $17,308-78.3% | $16,298-76.9% | $12,270-69.3% |