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 | $62,942 | $93,617-32.8% | $135,982-53.7% | $75,177-16.3% |
| Participation rate | 100.0% | 75.2%+24.8pp | 81.9%+18.1pp | 67.2%+32.8pp |
| Annual return | 18.39% | 30.89%-12.5pp | 68.32%-49.9pp | 160.75%-142.4pp |
| Employer contribution / active EE | $10,224 | $3,538+189.0% | $4,859+110.4% | $2,671+282.8% |
| Participant deferral / active EE | $7,644 | $6,406+19.3% | $7,760-1.5% | $4,126+85.2% |
| Admin fee / account holder | $2,476 | $6,980-64.5% | $10,767-77.0% | $5,651-56.2% |