Filed September 14, 2021
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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 | $16,135 | $46,360-65.2% | $147,617-89.1% | $52,331-69.2% |
| Participation rate | 75.2% | 64.9%+10.3pp | 84.6%-9.4pp | 68.1%+7.1pp |
| Annual return | -0.17% | 1.62%-1.8pp | 61.98%-62.2pp | 4.54%-4.7pp |
| Employer contribution / active EE | $1,800 | $2,126-15.4% | $5,564-67.7% | $1,882-4.4% |
| Participant deferral / active EE | $1,799 | $2,258-20.3% | $4,895-63.3% | $3,022-40.5% |
| Admin fee / account holder | $746 | $766-2.5% | $11,612-93.6% | $592+26.2% |