Filed May 3, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $149,236 | $181,896-18.0% | $156,551-4.7% | $273,972-45.5% |
| Participation rate | 100.0% | 88.4%+11.6pp | 84.0%+16.0pp | 83.0%+17.0pp |
| Annual return | 0.40% | 30.74%-30.3pp | 32.23%-31.8pp | 41.46%-41.1pp |
| Employer contribution / active EE | $7,435 | $6,248+19.0% | $5,501+35.2% | $4,869+52.7% |
| Participant deferral / active EE | $5,605 | $5,550+1.0% | $4,871+15.1% | $5,287+6.0% |
| Admin fee / account holder | $4,615 | $15,560-70.3% | $13,028-64.6% | $10,133-54.5% |