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 | $75,073 | $165,399-54.6% | $149,745-49.9% | $158,982-52.8% |
| Participation rate | 95.8% | 84.6%+11.3pp | 82.5%+13.4pp | 82.0%+13.9pp |
| Annual return | 13.58% | 348.34%-334.8pp | 276.72%-263.1pp | 302.99%-289.4pp |
| Employer contribution / active EE | $3,479 | $5,105-31.9% | $4,646-25.1% | $4,763-27.0% |
| Participant deferral / active EE | $7,158 | $7,183-0.3% | $6,843+4.6% | $5,983+19.6% |
| Admin fee / account holder | $12,035 | $10,811+11.3% | $9,312+29.2% | $11,252+7.0% |