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 | $81,446-16.1% | $103,374-33.9% | $80,874-15.5% |
| Participation rate | 96.1% | 66.9%+29.2pp | 74.5%+21.6pp | 67.6%+28.4pp |
| Annual return | 13.10% | 25.57%-12.5pp | 24.89%-11.8pp | 35.62%-22.5pp |
| Employer contribution / active EE | $11,694 | $3,107+276.4% | $3,869+202.2% | $2,756+324.4% |
| Participant deferral / active EE | $7,674 | $3,870+98.3% | $5,058+51.7% | $4,297+78.6% |
| Admin fee / account holder | $3,950 | $6,715-41.2% | $8,394-52.9% | $6,935-43.0% |