Filed May 27, 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 | $51,085 | $102,245-50.0% | $89,340-42.8% | $137,256-62.8% |
| Participation rate | 93.8% | 74.9%+18.9pp | 69.6%+24.2pp | 80.0%+13.8pp |
| Annual return | 12.79% | 21.89%-9.1pp | 20.57%-7.8pp | 220.34%-207.6pp |
| Employer contribution / active EE | $11,969 | $2,529+373.3% | $2,231+436.4% | $4,156+188.0% |
| Participant deferral / active EE | $8,747 | $4,436+97.2% | $3,823+128.8% | $6,407+36.5% |
| Admin fee / account holder | $14,270 | $8,085+76.5% | $6,704+112.9% | $12,270+16.3% |