Filed June 7, 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 | $68,364 | $81,457-16.1% | $103,378-33.9% | $80,911-15.5% |
| Participation rate | 96.1% | 66.8%+29.2pp | 74.5%+21.6pp | 67.6%+28.4pp |
| Annual return | 13.10% | 25.58%-12.5pp | 24.91%-11.8pp | 35.63%-22.5pp |
| Employer contribution / active EE | $11,694 | $3,107+276.4% | $3,870+202.2% | $2,756+324.4% |
| Participant deferral / active EE | $7,674 | $3,871+98.3% | $5,058+51.7% | $4,297+78.6% |
| Admin fee / account holder | $3,950 | $6,717-41.2% | $8,401-53.0% | $6,935-43.0% |