Filed June 30, 2023
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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 | $57,607 | $101,795-43.4% | $165,100-65.1% | $80,959-28.8% |
| Participation rate | 73.4% | 71.8%+1.6pp | 78.6%-5.2pp | 67.7%+5.8pp |
| Annual return | 11.56% | 16.73%-5.2pp | 70.21%-58.6pp | 35.67%-24.1pp |
| Employer contribution / active EE | $2,398 | $2,954-18.8% | $4,348-44.8% | $2,757-13.0% |
| Participant deferral / active EE | $4,567 | $4,476+2.0% | $6,035-24.3% | $4,300+6.2% |
| Admin fee / account holder | $14,508 | $8,221+76.5% | $12,696+14.3% | $6,925+109.5% |