Filed October 22, 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 | $120,854 | $72,404+66.9% | $110,243+9.6% | $64,173+88.3% |
| Participation rate | 96.9% | 73.3%+23.5pp | 79.8%+17.1pp | 69.6%+27.3pp |
| Annual return | 7.15% | -6.29%+13.4pp | 314.76%-307.6pp | 7.63%-0.5pp |
| Employer contribution / active EE | $4,784 | $2,282+109.7% | $3,827+25.0% | $2,381+101.0% |
| Participant deferral / active EE | $3,544 | $3,469+2.2% | $4,672-24.1% | $3,470+2.1% |
| Admin fee / account holder | $68,318 | $5,664+1106.1% | $8,548+699.2% | $4,887+1297.8% |