Filed November 12, 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 | $41,542 | $102,385-59.4% | $147,080-71.8% | $80,935-48.7% |
| Participation rate | 71.2% | 75.9%-4.6pp | 82.2%-10.9pp | 67.7%+3.6pp |
| Annual return | 17.89% | 135.09%-117.2pp | 420.17%-402.3pp | 35.66%-17.8pp |
| Employer contribution / active EE | $2,608 | $3,717-29.8% | $4,933-47.1% | $2,757-5.4% |
| Participant deferral / active EE | $4,207 | $6,651-36.7% | $8,066-47.8% | $4,299-2.2% |
| Admin fee / account holder | $1,409 | $7,951-82.3% | $12,989-89.1% | $6,924-79.6% |