Filed April 12, 2024
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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 | $122,850 | $84,236+45.8% | $170,439-27.9% | $70,124+75.2% |
| Participation rate | 92.3% | 70.8%+21.5pp | 83.6%+8.7pp | 69.5%+22.8pp |
| Annual return | 17.41% | 23.06%-5.6pp | 205.94%-188.5pp | 73.14%-55.7pp |
| Employer contribution / active EE | $7,280 | $3,387+114.9% | $5,433+34.0% | $2,342+210.8% |
| Participant deferral / active EE | $6,370 | $3,086+106.4% | $4,939+29.0% | $3,332+91.2% |
| Admin fee / account holder | $303 | $5,698-94.7% | $13,881-97.8% | $4,645-93.5% |