Filed October 24, 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 | $33,346 | $106,749-68.8% | $145,433-77.1% | $82,448-59.6% |
| Participation rate | 89.8% | 75.6%+14.1pp | 82.1%+7.7pp | 68.1%+21.7pp |
| Annual return | 26.62% | 27.59%-1.0pp | 66.58%-40.0pp | 41.64%-15.0pp |
| Employer contribution / active EE | $4,038 | $3,444+17.2% | $4,554-11.4% | $2,551+58.3% |
| Participant deferral / active EE | $6,795 | $6,519+4.2% | $7,897-14.0% | $4,139+64.2% |
| Admin fee / account holder | $2,509 | $8,390-70.1% | $13,129-80.9% | $7,234-65.3% |