Filed February 29, 2024
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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 | $47,964 | $52,678-8.9% | $75,784-36.7% | $59,633-19.6% |
| Participation rate | 100.0% | 67.2%+32.8pp | 75.8%+24.2pp | 68.7%+31.3pp |
| Annual return | -1.52% | 2.95%-4.5pp | 9.68%-11.2pp | 2041.45%-2043.0pp |
| Employer contribution / active EE | $2,503 | $2,193+14.1% | $3,323-24.7% | $2,203+13.6% |
| Participant deferral / active EE | $3,683 | $2,591+42.2% | $3,652+0.8% | $3,192+15.4% |
| Admin fee / account holder | $1,103 | $3,610-69.4% | $5,300-79.2% | $4,297-74.3% |