Filed June 22, 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 | $136,787 | $72,396+88.9% | $67,511+102.6% | $145,959-6.3% |
| Participation rate | 90.9% | 76.9%+14.0pp | 72.9%+18.0pp | 80.3%+10.6pp |
| Annual return | 15.47% | 7194.07%-7178.6pp | 3517.41%-3501.9pp | 561.95%-546.5pp |
| Employer contribution / active EE | $4,422 | $3,071+44.0% | $2,733+61.8% | $4,661-5.1% |
| Participant deferral / active EE | $11,162 | $4,781+133.4% | $4,000+179.0% | $6,689+66.9% |
| Admin fee / account holder | $27,320 | $5,538+393.3% | $3,999+583.2% | $13,398+103.9% |