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 | $72,403+88.9% | $67,524+102.6% | $145,978-6.3% |
| Participation rate | 90.9% | 76.9%+14.0pp | 72.9%+18.0pp | 80.3%+10.6pp |
| Annual return | 15.47% | 7197.23%-7181.8pp | 3519.41%-3503.9pp | 550.52%-535.0pp |
| Employer contribution / active EE | $4,422 | $3,072+44.0% | $2,734+61.7% | $4,662-5.1% |
| Participant deferral / active EE | $11,162 | $4,782+133.4% | $4,001+179.0% | $6,690+66.9% |
| Admin fee / account holder | $27,320 | $5,541+393.0% | $4,001+582.9% | $13,400+103.9% |