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 | $104,960 | $69,252+51.6% | $64,099+63.7% | $139,456-24.7% |
| Participation rate | 80.0% | 75.6%+4.4pp | 72.3%+7.7pp | 80.3%-0.3pp |
| Annual return | 19.44% | 45.89%-26.5pp | 33.70%-14.3pp | 373.45%-354.0pp |
| Employer contribution / active EE | $4,838 | $3,184+51.9% | $2,748+76.0% | $4,753+1.8% |
| Participant deferral / active EE | $8,595 | $4,683+83.5% | $3,881+121.4% | $6,711+28.1% |
| Admin fee / account holder | $2,972 | $4,248-30.0% | $3,070-3.2% | $11,407-73.9% |