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 | $52,024 | $157,304-66.9% | $141,197-63.2% | $152,909-66.0% |
| Participation rate | 100.0% | 84.8%+15.2pp | 82.5%+17.5pp | 82.5%+17.5pp |
| Annual return | 25.11% | 64.34%-39.2pp | 71.41%-46.3pp | 345.46%-320.4pp |
| Employer contribution / active EE | $7,243 | $5,263+37.6% | $4,736+52.9% | $4,764+52.0% |
| Participant deferral / active EE | $5,204 | $7,111-26.8% | $6,710-22.4% | $5,851-11.1% |
| Admin fee / account holder | $1,103 | $12,126-90.9% | $10,265-89.3% | $11,601-90.5% |