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 | $103,164-50.5% | $90,259-43.4% | $154,746-67.0% |
| Participation rate | 93.8% | 76.1%+17.7pp | 70.7%+23.0pp | 80.7%+13.0pp |
| Annual return | 12.79% | 19.25%-6.5pp | 18.88%-6.1pp | 172.34%-159.6pp |
| Employer contribution / active EE | $11,969 | $2,532+372.8% | $2,291+422.4% | $4,379+173.3% |
| Participant deferral / active EE | $8,747 | $4,422+97.8% | $3,827+128.6% | $6,730+30.0% |
| Admin fee / account holder | $14,270 | $8,593+66.1% | $7,267+96.4% | $14,365-0.7% |