Filed December 12, 2021
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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 | $78,205 | $89,367-12.5% | $141,191-44.6% | $72,975+7.2% |
| Participation rate | 92.0% | 75.1%+16.9pp | 82.5%+9.5pp | 69.5%+22.5pp |
| Annual return | 21.50% | 111.87%-90.4pp | 71.41%-49.9pp | 81.01%-59.5pp |
| Employer contribution / active EE | $4,000 | $3,115+28.4% | $4,736-15.5% | $2,440+63.9% |
| Participant deferral / active EE | $7,687 | $5,419+41.9% | $6,710+14.6% | $3,608+113.1% |
| Admin fee / account holder | $3,487 | $5,957-41.5% | $10,264-66.0% | $5,124-32.0% |