Filed November 30, 2021
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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 | $19,354 | $57,350-66.3% | $83,850-76.9% | $64,181-69.8% |
| Participation rate | 75.5% | 68.6%+6.9pp | 76.1%-0.7pp | 69.6%+5.9pp |
| Annual return | 55.85% | 11.38%+44.5pp | 850.92%-795.1pp | 7.63%+48.2pp |
| Employer contribution / active EE | $961 | $2,545-62.3% | $3,631-73.5% | $2,381-59.6% |
| Participant deferral / active EE | $4,989 | $2,993+66.7% | $4,082+22.2% | $3,470+43.8% |
| Admin fee / account holder | $648 | $4,046-84.0% | $5,478-88.2% | $4,887-86.7% |