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 | $100,147-46.0% | $81,286-33.5% | $145,877-62.9% |
| Participation rate | 70.6% | 74.2%-3.6pp | 69.5%+1.1pp | 80.3%-9.7pp |
| Annual return | 12.21% | 34.44%-22.2pp | 24.80%-12.6pp | 551.28%-539.1pp |
| Employer contribution / active EE | $6,920 | $2,977+132.4% | $2,463+181.0% | $4,663+48.4% |
| Participant deferral / active EE | $6,333 | $4,607+37.5% | $3,883+63.1% | $6,691-5.3% |
| Admin fee / account holder | $512 | $8,201-93.8% | $5,764-91.1% | $13,402-96.2% |