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 | $50,619 | $110,801-54.3% | $86,868-41.7% | $167,518-69.8% |
| Participation rate | 100.0% | 75.8%+24.2pp | 71.6%+28.4pp | 82.1%+17.9pp |
| Annual return | 81.02% | 117.00%-36.0pp | 63.53%+17.5pp | 478.71%-397.7pp |
| Employer contribution / active EE | $9,733 | $3,245+200.0% | $2,496+290.0% | $4,838+101.2% |
| Participant deferral / active EE | $8,537 | $4,547+87.8% | $3,699+130.8% | $6,342+34.6% |
| Admin fee / account holder | $4,272 | $8,417-49.2% | $5,829-26.7% | $12,312-65.3% |