Filed October 31, 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 | $18,563 | $81,276-77.2% | $155,574-88.1% | $80,925-77.1% |
| Participation rate | 97.4% | 66.2%+31.2pp | 78.2%+19.2pp | 67.7%+29.8pp |
| Annual return | 38.06% | 33.36%+4.7pp | 64.87%-26.8pp | 35.65%+2.4pp |
| Employer contribution / active EE | $1,917 | $3,103-38.2% | $4,676-59.0% | $2,756-30.4% |
| Participant deferral / active EE | $3,948 | $3,453+14.3% | $5,629-29.9% | $4,299-8.2% |
| Admin fee / account holder | $2,484 | $7,993-68.9% | $15,914-84.4% | $6,940-64.2% |