Filed August 18, 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 | $38,674 | $77,638-50.2% | $156,551-75.3% | $62,881-38.5% |
| Participation rate | 87.0% | 71.2%+15.8pp | 84.0%+3.0pp | 69.3%+17.7pp |
| Annual return | 7.01% | 50.33%-43.3pp | 32.23%-25.2pp | 20.14%-13.1pp |
| Employer contribution / active EE | $2,546 | $3,444-26.1% | $5,501-53.7% | $2,281+11.6% |
| Participant deferral / active EE | $3,395 | $3,046+11.5% | $4,871-30.3% | $3,203+6.0% |
| Admin fee / account holder | $4,842 | $5,561-12.9% | $13,028-62.8% | $4,296+12.7% |