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 | $212,457 | $201,370+5.5% | $184,256+15.3% | $145,897+45.6% |
| Participation rate | 81.8% | 87.5%-5.7pp | 86.8%-5.0pp | 80.3%+1.5pp |
| Annual return | 13.10% | 29.05%-16.0pp | 28.85%-15.7pp | 552.29%-539.2pp |
| Employer contribution / active EE | $5,035 | $7,024-28.3% | $6,427-21.7% | $4,663+8.0% |
| Participant deferral / active EE | $12,590 | $9,808+28.4% | $9,133+37.8% | $6,689+88.2% |
| Admin fee / account holder | $2,889 | $16,364-82.3% | $13,899-79.2% | $13,390-78.4% |