Filed November 17, 2021
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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 | $45,284 | $60,349-25.0% | $74,184-39.0% | $62,881-28.0% |
| Participation rate | 81.2% | 72.7%+8.4pp | 76.6%+4.6pp | 69.3%+11.9pp |
| Annual return | 9.59% | 21.38%-11.8pp | 17.74%-8.1pp | 20.14%-10.6pp |
| Employer contribution / active EE | $720 | $1,680-57.2% | $2,370-69.6% | $2,281-68.4% |
| Participant deferral / active EE | $3,762 | $2,856+31.7% | $3,550+6.0% | $3,203+17.5% |
| Admin fee / account holder | $843 | $4,261-80.2% | $5,586-84.9% | $4,296-80.4% |