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 | $100,923 | $91,167+10.7% | $178,498-43.5% | $79,858+26.4% |
| Participation rate | 91.5% | 69.2%+22.3pp | 81.9%+9.6pp | 69.6%+21.9pp |
| Annual return | 11.17% | 24.19%-13.0pp | 151.09%-139.9pp | 31.72%-20.6pp |
| Employer contribution / active EE | $3,325 | $3,255+2.1% | $5,011-33.6% | $2,471+34.6% |
| Participant deferral / active EE | $2,727 | $3,236-15.7% | $5,202-47.6% | $3,740-27.1% |
| Admin fee / account holder | $2,005 | $6,747-70.3% | $13,985-85.7% | $5,306-62.2% |