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 | $56,147 | $85,171-34.1% | $172,752-67.5% | $72,975-23.1% |
| Participation rate | 94.3% | 70.1%+24.2pp | 82.6%+11.6pp | 69.5%+24.8pp |
| Annual return | 22.50% | 27.32%-4.8pp | 802.97%-780.5pp | 81.01%-58.5pp |
| Employer contribution / active EE | $2,910 | $3,324-12.5% | $5,144-43.4% | $2,440+19.3% |
| Participant deferral / active EE | $4,394 | $3,260+34.8% | $5,198-15.5% | $3,608+21.8% |
| Admin fee / account holder | $659 | $5,880-88.8% | $13,955-95.3% | $5,124-87.1% |