Filed April 25, 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 | $41,154 | $106,749-61.4% | $145,433-71.7% | $82,448-50.1% |
| Participation rate | 93.6% | 75.6%+18.0pp | 82.1%+11.5pp | 68.1%+25.5pp |
| Annual return | 18.49% | 27.59%-9.1pp | 66.58%-48.1pp | 41.64%-23.2pp |
| Employer contribution / active EE | $4,180 | $3,444+21.3% | $4,554-8.2% | $2,551+63.9% |
| Participant deferral / active EE | $4,276 | $6,519-34.4% | $7,897-45.9% | $4,139+3.3% |
| Admin fee / account holder | $2,563 | $8,390-69.4% | $13,129-80.5% | $7,234-64.6% |