Filed January 31, 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 | $44,212 | $75,183-41.2% | $123,894-64.3% | $55,167-19.9% |
| Participation rate | 98.4% | 72.8%+25.6pp | 81.4%+17.0pp | 69.0%+29.5pp |
| Annual return | 15.09% | 19.01%-3.9pp | 47.52%-32.4pp | 169.23%-154.1pp |
| Employer contribution / active EE | $4,087 | $2,823+44.7% | $4,617-11.5% | $1,963+108.2% |
| Participant deferral / active EE | $7,012 | $5,084+37.9% | $5,984+17.2% | $3,054+129.6% |
| Admin fee / account holder | $1,892 | $663+185.5% | $8,357-77.4% | $504+275.4% |