Filed March 2, 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 | $86,217 | $84,236+2.4% | $170,435-49.4% | $70,126+22.9% |
| Participation rate | 81.0% | 70.8%+10.1pp | 83.6%-2.6pp | 69.5%+11.4pp |
| Annual return | 12.67% | 23.06%-10.4pp | 205.94%-193.3pp | 73.15%-60.5pp |
| Employer contribution / active EE | $4,986 | $3,387+47.2% | $5,432-8.2% | $2,343+112.8% |
| Participant deferral / active EE | $2,931 | $3,086-5.0% | $4,939-40.7% | $3,332-12.0% |
| Admin fee / account holder | $8,762 | $5,698+53.8% | $13,881-36.9% | $4,645+88.6% |