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 | $35,258 | $150,442-76.6% | $136,295-74.1% | $147,585-76.1% |
| Participation rate | 100.0% | 84.4%+15.6pp | 81.9%+18.1pp | 82.8%+17.2pp |
| Annual return | 20.47% | 1049.09%-1028.6pp | 5155.97%-5135.5pp | 578.56%-558.1pp |
| Employer contribution / active EE | $8,441 | $5,256+60.6% | $4,695+79.8% | $4,876+73.1% |
| Participant deferral / active EE | $8,753 | $6,630+32.0% | $6,247+40.1% | $5,439+60.9% |
| Admin fee / account holder | $310 | $10,905-97.2% | $9,243-96.6% | $10,885-97.2% |