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 | $43,947 | $88,585-50.4% | $69,884-37.1% | $134,532-67.3% |
| Participation rate | 100.0% | 74.9%+25.1pp | 70.5%+29.5pp | 81.2%+18.8pp |
| Annual return | -18.42% | 442.80%-461.2pp | 190.81%-209.2pp | 418.27%-436.7pp |
| Employer contribution / active EE | $13,520 | $3,235+317.9% | $2,560+428.1% | $4,741+185.2% |
| Participant deferral / active EE | $8,143 | $4,770+70.7% | $3,848+111.6% | $6,401+27.2% |
| Admin fee / account holder | $569 | $10,441-94.6% | $6,266-90.9% | $11,429-95.0% |