Filed October 24, 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 | $26,674 | $138,102-80.7% | $125,381-78.7% | $134,532-80.2% |
| Participation rate | 71.4% | 84.5%-13.1pp | 82.4%-11.0pp | 81.2%-9.8pp |
| Annual return | -15.66% | 750.73%-766.4pp | 572.31%-588.0pp | 418.27%-433.9pp |
| Employer contribution / active EE | $4,558 | $5,245-13.1% | $4,815-5.3% | $4,741-3.9% |
| Participant deferral / active EE | $7,970 | $7,801+2.2% | $7,448+7.0% | $6,401+24.5% |
| Admin fee / account holder | $1,481 | $11,568-87.2% | $10,007-85.2% | $11,429-87.0% |