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 | $65,310 | $138,114-52.7% | $125,391-47.9% | $134,545-51.5% |
| Participation rate | 100.0% | 84.5%+15.5pp | 82.4%+17.6pp | 81.2%+18.8pp |
| Annual return | -17.77% | 750.88%-768.7pp | 572.41%-590.2pp | 418.37%-436.1pp |
| Employer contribution / active EE | $13,278 | $5,246+153.1% | $4,816+175.7% | $4,742+180.0% |
| Participant deferral / active EE | $7,761 | $7,801-0.5% | $7,448+4.2% | $6,401+21.2% |
| Admin fee / account holder | $2,930 | $11,570-74.7% | $10,009-70.7% | $11,431-74.4% |