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 | $54,059 | $100,262-46.1% | $81,370-33.6% | $145,897-62.9% |
| Participation rate | 70.6% | 74.3%-3.7pp | 69.5%+1.0pp | 80.3%-9.7pp |
| Annual return | 12.21% | 34.52%-22.3pp | 24.85%-12.6pp | 552.29%-540.1pp |
| Employer contribution / active EE | $6,920 | $2,979+132.3% | $2,464+180.9% | $4,663+48.4% |
| Participant deferral / active EE | $6,333 | $4,612+37.3% | $3,885+63.0% | $6,689-5.3% |
| Admin fee / account holder | $512 | $8,163-93.7% | $5,749-91.1% | $13,390-96.2% |