Filed December 16, 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 | $84,516 | $154,228-45.2% | $145,433-41.9% | $137,256-38.4% |
| Participation rate | 95.5% | 83.8%+11.7pp | 82.1%+13.3pp | 80.0%+15.5pp |
| Annual return | 16.34% | 74.59%-58.2pp | 66.58%-50.2pp | 220.34%-204.0pp |
| Employer contribution / active EE | $2,518 | $4,804-47.6% | $4,554-44.7% | $4,156-39.4% |
| Participant deferral / active EE | $6,323 | $8,216-23.0% | $7,897-19.9% | $6,407-1.3% |
| Admin fee / account holder | $3,296 | $14,344-77.0% | $13,129-74.9% | $12,270-73.1% |