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 | $122,559 | $99,994+22.6% | $146,643-16.4% | $85,847+42.8% |
| Participation rate | 100.0% | 73.1%+26.9pp | 80.1%+19.9pp | 69.3%+30.7pp |
| Annual return | 39.49% | 18.93%+20.6pp | 22.75%+16.7pp | 318.61%-279.1pp |
| Employer contribution / active EE | $5,571 | $2,559+117.7% | $4,137+34.7% | $2,565+117.2% |
| Participant deferral / active EE | $3,082 | $4,006-23.1% | $5,506-44.0% | $3,952-22.0% |
| Admin fee / account holder | $8,147 | $7,703+5.8% | $10,280-20.8% | $6,261+30.1% |