Filed October 7, 2022
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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 | $71,198 | $165,351-56.9% | $149,710-52.4% | $158,931-55.2% |
| Participation rate | 100.0% | 84.6%+15.4pp | 82.5%+17.5pp | 82.0%+18.0pp |
| Annual return | 22.87% | 348.19%-325.3pp | 276.63%-253.8pp | 302.86%-280.0pp |
| Employer contribution / active EE | $7,213 | $5,103+41.3% | $4,645+55.3% | $4,761+51.5% |
| Participant deferral / active EE | $5,607 | $7,181-21.9% | $6,842-18.1% | $5,982-6.3% |
| Admin fee / account holder | $6,768 | $10,807-37.4% | $9,309-27.3% | $11,247-39.8% |