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 | $212,386+15.1% | $199,883+22.3% | $138,895+76.1% |
| Participation rate | 84.6% | 87.4%-2.8pp | 86.8%-2.2pp | 79.9%+4.7pp |
| Annual return | 18.09% | 47.75%-29.7pp | 43.81%-25.7pp | 145.39%-127.3pp |
| Employer contribution / active EE | $3,817 | $6,625-42.4% | $6,261-39.0% | $4,194-9.0% |
| Participant deferral / active EE | $12,682 | $9,617+31.9% | $9,138+38.8% | $6,396+98.3% |
| Admin fee / account holder | $3,763 | $18,233-79.4% | $17,268-78.2% | $12,562-70.0% |