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 | $81,487-16.1% | $102,412-33.2% | $80,935-15.5% |
| Participation rate | 96.1% | 66.8%+29.2pp | 74.5%+21.6pp | 67.7%+28.4pp |
| Annual return | 13.10% | 25.60%-12.5pp | 24.94%-11.8pp | 35.66%-22.6pp |
| Employer contribution / active EE | $11,694 | $3,103+276.9% | $3,870+202.2% | $2,757+324.2% |
| Participant deferral / active EE | $7,674 | $3,871+98.3% | $5,060+51.7% | $4,299+78.5% |
| Admin fee / account holder | $3,950 | $6,717-41.2% | $8,388-52.9% | $6,924-43.0% |